iQIYI, Inc. (NASDAQ:IQ - Get Free Report) was the target of some unusual options trading on Friday. Stock traders bought 97,747 put options on the company. This is an increase of approximately 480% compared to the typical volume of 16,857 put options.
iQIYI Stock Down 1.2%
Shares of NASDAQ:IQ traded down $0.02 during trading on Monday, hitting $1.67. The stock had a trading volume of 19,693,794 shares, compared to its average volume of 22,311,775. iQIYI has a 12 month low of $1.50 and a 12 month high of $4.82. The company has a market capitalization of $1.61 billion, a PE ratio of 16.70, a PEG ratio of 4.13 and a beta of -0.14. The firm's fifty day moving average is $1.90 and its 200 day moving average is $2.07. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70.
iQIYI (NASDAQ:IQ - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). iQIYI had a return on equity of 7.62% and a net margin of 2.62%. The firm had revenue of $988.19 million during the quarter, compared to the consensus estimate of $7.10 billion. Analysts anticipate that iQIYI will post 0.04 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC grew its stake in shares of iQIYI by 37.3% in the 4th quarter. Corient Private Wealth LLC now owns 28,138 shares of the company's stock worth $57,000 after buying an additional 7,645 shares during the last quarter. IvyRock Asset Management HK Ltd grew its stake in shares of iQIYI by 20.0% in the 4th quarter. IvyRock Asset Management HK Ltd now owns 60,000 shares of the company's stock worth $121,000 after buying an additional 10,000 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of iQIYI in the 1st quarter worth approximately $30,000. DRW Securities LLC purchased a new stake in shares of iQIYI in the 1st quarter worth approximately $33,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of iQIYI in the 4th quarter worth approximately $32,000. Institutional investors own 52.69% of the company's stock.
Analyst Ratings Changes
Separately, Benchmark reaffirmed a "hold" rating on shares of iQIYI in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, iQIYI presently has an average rating of "Hold" and an average target price of $2.91.
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iQIYI Company Profile
(
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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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