iQIYI Sees Unusually Large Options Volume (NASDAQ:IQ)

iQIYI, Inc. (NASDAQ:IQ - Get Free Report) saw unusually large options trading on Friday. Stock investors acquired 97,747 put options on the stock. This is an increase of 480% compared to the typical daily volume of 16,857 put options.

Analysts Set New Price Targets

Separately, Benchmark restated a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $2.91.

Hedge Funds Weigh In On iQIYI

Institutional investors and hedge funds have recently bought and sold shares of the stock. Krane Funds Advisors LLC lifted its position in shares of iQIYI by 82.1% during the 4th quarter. Krane Funds Advisors LLC now owns 21,763,769 shares of the company's stock valued at $43,745,000 after buying an additional 9,809,187 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of iQIYI during the 4th quarter worth approximately $6,818,000. Dimensional Fund Advisors LP raised its stake in iQIYI by 41.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company's stock valued at $22,135,000 after purchasing an additional 3,235,223 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in iQIYI during the fourth quarter valued at approximately $6,297,000. Finally, Federated Hermes Inc. raised its holdings in iQIYI by 44.5% during the 1st quarter. Federated Hermes Inc. now owns 9,370,852 shares of the company's stock valued at $21,178,000 after buying an additional 2,886,631 shares during the period. 52.69% of the stock is currently owned by hedge funds and other institutional investors.

iQIYI Stock Performance

NASDAQ IQ traded down $0.07 during trading hours on Wednesday, hitting $1.62. The company's stock had a trading volume of 34,449,242 shares, compared to its average volume of 22,364,018. The company's 50 day simple moving average is $1.88 and its two-hundred day simple moving average is $2.07. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.45. The company has a market cap of $1.56 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 4.13 and a beta of -0.14. iQIYI has a 12 month low of $1.50 and a 12 month high of $4.82.

iQIYI (NASDAQ:IQ - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The firm had revenue of $988.19 million during the quarter, compared to analysts' expectations of $7.10 billion. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. As a group, sell-side analysts expect that iQIYI will post 0.04 EPS for the current fiscal year.

About iQIYI

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.