iQIYI Target of Unusually Large Options Trading (NASDAQ:IQ)

iQIYI, Inc. (NASDAQ:IQ) was the target of some unusual options trading on Friday. Investors bought 19,088 call options on the stock. This is an increase of approximately 175% compared to the average daily volume of 6,935 call options.

Analysts Set New Price Targets

Separately, OTR Global reissued a “mixed” rating on shares of iQIYI in a research note on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.54.

Hedge Funds Weigh In On iQIYI

Hedge funds have recently added to or reduced their stakes in the company. Ballentine Partners LLC bought a new position in shares of iQIYI during the fourth quarter valued at $54,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of iQIYI during the 4th quarter valued at about $61,000. Pathstone Family Office LLC bought a new stake in shares of iQIYI in the third quarter worth approximately $62,000. Tower Research Capital LLC TRC grew its position in iQIYI by 321.9% in the 4th 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 during the period. Finally, Jump Financial LLC purchased a new stake in iQIYI during the fourth quarter valued at $114,000. 52.69% of the stock is currently owned by hedge funds and other institutional investors.

iQIYI Stock Up 3.5 %

Shares of NASDAQ IQ traded up $0.17 during trading on Friday, reaching $4.99. The company had a trading volume of 10,287,948 shares, compared to its average volume of 8,369,956. The business’s 50-day moving average is $4.08 and its 200 day moving average is $4.30. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.68. The stock has a market cap of $4.79 billion, a PE ratio of 22.68 and a beta of 0.27. iQIYI has a 12-month low of $3.06 and a 12-month high of $6.47.

iQIYI (NASDAQ:IQ) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. As a group, equities analysts forecast that iQIYI will post 0.38 earnings per share 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.