Shares of iQIYI, Inc. (NASDAQ:IQ - Get Free Report) have been given a consensus rating of "Reduce" by the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $3.15.
A number of research analysts have recently commented on IQ shares. Benchmark restated a "hold" rating on shares of iQIYI in a research note on Friday, November 22nd. JPMorgan Chase & Co. dropped their target price on shares of iQIYI from $2.50 to $1.80 and set a "neutral" rating on the stock in a report on Friday, November 22nd. The Goldman Sachs Group lowered shares of iQIYI from a "buy" rating to a "neutral" rating and set a $2.80 price target for the company. in a research note on Tuesday, August 27th. Finally, Nomura Securities raised shares of iQIYI to a "hold" rating in a research note on Monday, August 26th.
Read Our Latest Analysis on IQ
iQIYI Trading Up 1.0 %
NASDAQ:IQ traded up $0.02 during trading hours on Friday, hitting $2.05. The company had a trading volume of 13,287,575 shares, compared to its average volume of 12,859,717. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.45 and a quick ratio of 0.45. The stock has a 50-day moving average price of $2.31 and a 200 day moving average price of $2.84. The company has a market capitalization of $1.97 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 0.60 and a beta of 0.02. iQIYI has a 52 week low of $1.89 and a 52 week high of $5.80.
Institutional Trading of iQIYI
Hedge funds have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in iQIYI during the second quarter valued at approximately $31,000. Ground Swell Capital LLC bought a new stake in shares of iQIYI during the 3rd quarter valued at $32,000. Flow Traders U.S. LLC purchased a new stake in shares of iQIYI in the 3rd quarter worth $32,000. Seven Eight Capital LP bought a new position in iQIYI in the 2nd quarter worth $42,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in iQIYI during the second quarter valued at $46,000. Hedge funds and other institutional investors own 52.69% of the company's stock.
About iQIYI
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Get Free ReportiQIYI, 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.
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