iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors acquired 143,284 call options on the company. This is an increase of approximately 1,082% compared to the average daily volume of 12,118 call options.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of iQIYI from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, iQIYI presently has a consensus rating of "Hold" and an average target price of $2.91.
Read Our Latest Stock Report on IQ
Institutional Trading of iQIYI
A number of institutional investors have recently made changes to their positions in IQ. Private Advisor Group LLC acquired a new stake in shares of iQIYI in the 1st quarter worth approximately $30,000. Vident Advisory LLC acquired a new stake in iQIYI during the fourth quarter valued at approximately $33,000. DRW Securities LLC acquired a new stake in iQIYI during the first quarter valued at approximately $33,000. HighTower Advisors LLC lifted its stake in iQIYI by 102.3% during the first quarter. HighTower Advisors LLC now owns 15,639 shares of the company's stock valued at $35,000 after purchasing an additional 698,342 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC acquired a new stake in iQIYI during the fourth quarter valued at approximately $37,000. 52.69% of the stock is owned by institutional investors and hedge funds.
iQIYI Price Performance
Shares of NASDAQ:IQ traded down $0.06 during trading on Friday, reaching $1.99. The company had a trading volume of 7,663,402 shares, compared to its average volume of 29,271,637. The firm's fifty day moving average is $1.78 and its 200 day moving average is $1.97. The firm has a market capitalization of $1.91 billion, a PE ratio of 49.64 and a beta of -0.17. iQIYI has a twelve month low of $1.50 and a twelve month high of $3.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.46 and a current ratio of 0.46.
iQIYI (NASDAQ:IQ - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The company had revenue of $988.19 million during the quarter, compared to analyst estimates of $7.10 billion. iQIYI had a return on equity of 3.62% and a net margin of 1.02%. On average, equities analysts forecast that iQIYI will post 0.04 EPS for the current year.
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.
Further Reading
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