iQIYI (NASDAQ:IQ) Shares Up 3.9%

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

Analysts Set New Price Targets

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

iQIYI Stock Performance

The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 21.64 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 stock has a 50-day moving average of $4.00 and a 200-day moving average of $4.29.

iQIYI (NASDAQ:IQ) last announced its earnings results on Wednesday, February 28th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. As a group, analysts anticipate that iQIYI, Inc. will post 0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On iQIYI

Several large investors have recently bought and sold shares of the stock. Ballentine Partners LLC purchased a new stake in iQIYI in the fourth quarter worth approximately $54,000. Raymond James Financial Services Advisors Inc. purchased a new stake in iQIYI during the fourth quarter valued at about $61,000. Pathstone Family Office LLC bought a new position in shares of iQIYI during the third quarter valued at about $62,000. Tower Research Capital LLC TRC increased its holdings in shares of iQIYI by 321.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,585 shares of the company’s stock worth $86,000 after buying an additional 13,417 shares during the period. Finally, Jump Financial LLC bought a new position in iQIYI during the 4th quarter worth approximately $114,000. 52.69% of the stock is currently owned by institutional investors.

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.