iQIYI, Inc. (NASDAQ:IQ - Get Free Report) was the target of unusually large options trading on Wednesday. Stock investors bought 16,714 put options on the company. This represents an increase of approximately 123% compared to the typical volume of 7,490 put options.
iQIYI Trading Up 3.1 %
Shares of IQ stock traded up $0.15 on Wednesday, reaching $5.00. 9,161,014 shares of the company's stock were exchanged, compared to its average volume of 8,323,090. The company's fifty day simple moving average is $4.13 and its 200 day simple moving average is $4.29. The stock has a market capitalization of $4.80 billion, a PE ratio of 22.73 and a beta of 0.27. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.68. iQIYI has a 52 week low of $3.06 and a 52 week high of $6.47.
iQIYI (NASDAQ:IQ - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. As a group, analysts forecast that iQIYI will post 0.38 EPS for the current year.
Institutional Trading of iQIYI
A number of hedge funds have recently bought and sold shares of IQ. Ballentine Partners LLC bought a new stake in shares of iQIYI in the 4th quarter valued at about $54,000. Raymond James Financial Services Advisors Inc. acquired a new stake in iQIYI in the fourth quarter valued at approximately $61,000. Pathstone Family Office LLC purchased a new position in iQIYI in the third quarter worth $62,000. Tower Research Capital LLC TRC increased its position in shares of iQIYI by 321.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,585 shares of the company's stock worth $86,000 after purchasing an additional 13,417 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of iQIYI during the 4th quarter valued at $114,000. Hedge funds and other institutional investors own 52.69% of the company's stock.
Wall Street Analyst Weigh In
Separately, OTR Global restated a "mixed" rating on shares of iQIYI in a research report on Thursday, April 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $6.54.
View Our Latest Report on IQ
About iQIYI
(
Get Free Report)
iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.
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