iQIYI, Inc. (NASDAQ:IQ) Short Interest Update

iQIYI, Inc. (NASDAQ:IQGet Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 62,860,000 shares, a growth of 18.1% from the May 15th total of 53,210,000 shares. Approximately 12.0% of the company’s stock are sold short. Based on an average daily volume of 8,750,000 shares, the short-interest ratio is currently 7.2 days.

Hedge Funds Weigh In On iQIYI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Krane Funds Advisors LLC lifted 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 acquiring an additional 467,032 shares in the last quarter. Vanguard Group Inc. lifted its position in 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 acquiring an additional 170,227 shares in the last quarter. SCEP Management Ltd lifted its position in iQIYI by 22.3% in the 3rd quarter. SCEP Management Ltd now owns 15,000,000 shares of the company’s stock valued at $71,100,000 after acquiring an additional 2,731,681 shares in the last quarter. Federated Hermes Inc. lifted its position in iQIYI by 14.6% in the 4th quarter. Federated Hermes Inc. now owns 12,153,225 shares of the company’s stock valued at $59,308,000 after acquiring an additional 1,549,805 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. lifted its position in iQIYI by 65.4% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 10,320,000 shares of the company’s stock valued at $43,654,000 after acquiring an additional 4,080,000 shares in the last quarter. 52.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on IQ shares. Benchmark reiterated a “buy” rating and set a $9.00 target price on shares of iQIYI in a report on Friday, May 17th. OTR Global reiterated 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 one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.18.

Check Out Our Latest Analysis on IQ

iQIYI Stock Down 1.2 %

Shares of IQ stock traded down $0.05 during trading hours on Monday, hitting $4.08. 4,410,367 shares of the company’s stock traded hands, compared to its average volume of 9,147,021. The stock’s fifty day simple moving average is $4.65 and its two-hundred day simple moving average is $4.28. iQIYI has a 12-month low of $3.06 and a 12-month high of $6.47. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.30 and a beta of 0.15. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.68.

iQIYI (NASDAQ:IQGet Free Report) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.04. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. iQIYI had a return on equity of 17.57% and a net margin of 6.23%. On average, analysts expect that iQIYI will post 0.38 EPS for the current year.

About iQIYI

(Get Free Report)

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.

See Also

Receive News & Ratings for iQIYI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iQIYI and related companies with MarketBeat.com's FREE daily email newsletter.