iQIYI (NASDAQ:IQ) Shares Up 3.9%

iQIYI, Inc. (NASDAQ:IQ) shares rose 3.9% during mid-day trading on Wednesday . The stock traded as high as $4.81 and last traded at $4.76. Approximately 5,377,844 shares changed hands during trading, a decline of 35% from the average daily volume of 8,318,943 shares. The stock had previously closed at $4.58.

Wall Street Analysts Forecast Growth

Separately, OTR Global reiterated 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.54.

iQIYI Trading Up 3.5 %

The company has a market capitalization of $4.79 billion, a P/E ratio of 22.68 and a beta of 0.27. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.57 and a current ratio of 0.57. The company has a 50-day simple moving average of $4.05 and a 200 day simple moving average of $4.30.

iQIYI (NASDAQ:IQ) last issued 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 for the quarter, compared to analyst estimates of $1.08 billion. Sell-side analysts expect that iQIYI, Inc. will post 0.38 earnings per share for the current year.

Institutional Trading of iQIYI

Hedge funds have recently added to or reduced their stakes in the company. Ballentine Partners LLC lifted its holdings in iQIYI by 65.0% during the 1st quarter. Ballentine Partners LLC now owns 18,317 shares of the company’s stock worth $77,000 after buying an additional 7,219 shares during the period. Nomura Holdings Inc. lifted its stake in shares of iQIYI by 67.7% in the 4th quarter. Nomura Holdings Inc. now owns 210,773 shares of the company’s stock valued at $1,029,000 after purchasing an additional 85,052 shares during the period. Vanguard Group Inc. lifted its stake in shares of iQIYI by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,756,701 shares of the company’s stock valued at $86,653,000 after purchasing an additional 170,227 shares during the period. Krane Funds Advisors LLC increased its position in iQIYI by 2.5% in the 4th quarter. Krane Funds Advisors LLC now owns 19,194,425 shares of the company’s stock valued at $93,669,000 after buying an additional 467,032 shares in the last quarter. Finally, Athos Capital Ltd bought a new stake in iQIYI in the 4th quarter valued at about $2,952,000. 52.69% of the stock is owned by institutional investors and hedge funds.

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.