iQIYI (NASDAQ:IQ) Trading Up 3.2%

Shares of iQIYI, Inc. (NASDAQ:IQ) rose 3.2% during mid-day trading on Monday . The stock traded as high as $4.31 and last traded at $4.25. Approximately 3,489,573 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 8,399,929 shares. The stock had previously closed at $4.12.

Wall Street Analyst Weigh In

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

iQIYI Price Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 0.57 and a quick ratio of 0.57. The business’s 50 day moving average price is $3.90 and its 200 day moving average price is $4.30. The stock has a market capitalization of $3.93 billion, a P/E ratio of 18.64 and a beta of 0.27.

iQIYI (NASDAQ:IQ) last posted its earnings results on Wednesday, February 28th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $1.07 billion during 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%. Sell-side analysts forecast that iQIYI, Inc. will post 0.38 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IQ. Ballentine Partners LLC raised its position in iQIYI by 65.0% in the first quarter. Ballentine Partners LLC now owns 18,317 shares of the company’s stock worth $77,000 after acquiring an additional 7,219 shares during the period. Nomura Holdings Inc. raised its holdings in iQIYI by 67.7% in the 4th quarter. Nomura Holdings Inc. now owns 210,773 shares of the company’s stock worth $1,029,000 after purchasing an additional 85,052 shares during the period. Vanguard Group Inc. raised its holdings in iQIYI by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,756,701 shares of the company’s stock worth $86,653,000 after purchasing an additional 170,227 shares during the period. Krane Funds Advisors LLC lifted its position in iQIYI by 2.5% during the fourth quarter. Krane Funds Advisors LLC now owns 19,194,425 shares of the company’s stock valued at $93,669,000 after purchasing an additional 467,032 shares in the last quarter. Finally, FIL Ltd grew its holdings in iQIYI by 7.1% during the fourth quarter. FIL Ltd now owns 30,204,875 shares of the company’s stock valued at $147,400,000 after purchasing an additional 1,993,449 shares during the period. 52.69% of the stock is owned by hedge funds and other institutional investors.

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.