iQIYI Sees Unusually Large Options Volume (NASDAQ:IQ)

iQIYI, Inc. (NASDAQ:IQ) was the recipient of unusually large options trading on Friday. Investors acquired 19,088 call options on the company. This is an increase of approximately 175% compared to the typical daily volume of 6,935 call options.

Analyst Ratings Changes

Separately, OTR Global reissued a “mixed” rating on shares of iQIYI in a report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, iQIYI has an average rating of “Hold” and a consensus price target of $6.54.

iQIYI Stock Performance

IQ stock traded up $0.17 during mid-day trading on Friday, hitting $4.99. 10,287,948 shares of the company were exchanged, compared to its average volume of 8,369,956. iQIYI has a 1-year low of $3.06 and a 1-year high of $6.47. The stock has a market capitalization of $4.79 billion, a PE ratio of 22.68 and a beta of 0.27. The business has a 50 day simple moving average of $4.08 and a 200-day simple moving average of $4.30. 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 (NASDAQ:IQ) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. iQIYI had a return on equity of 13.56% and a net margin of 4.76%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. On average, equities analysts forecast that iQIYI will post 0.38 earnings per share for the current year.

Institutional Investors Weigh In On iQIYI

Institutional investors have recently modified their holdings of the business. Robeco Institutional Asset Management B.V. raised its stake in iQIYI by 1,117.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,356,739 shares of the company’s stock worth $82,271,000 after purchasing an additional 15,931,422 shares in the last quarter. Norges Bank acquired a new stake in shares of iQIYI in the fourth quarter valued at approximately $49,853,000. Federated Hermes Inc. raised its position in shares of iQIYI by 147.8% in the third quarter. Federated Hermes Inc. now owns 10,603,420 shares of the company’s stock valued at $50,260,000 after buying an additional 6,324,876 shares in the last quarter. Maple Rock Capital Partners Inc. bought a new stake in shares of iQIYI in the third quarter valued at approximately $19,434,000. Finally, SCEP Management Ltd grew its position in iQIYI by 22.3% during the third quarter. SCEP Management Ltd now owns 15,000,000 shares of the company’s stock worth $71,100,000 after buying an additional 2,731,681 shares in the last quarter. Institutional investors own 52.69% of the company’s stock.

iQIYI Company Profile

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.