iQIYI, Inc. (NASDAQ:IQ - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $1.76 and last traded at $1.79, with a volume of 58316186 shares traded. The stock had previously closed at $2.09.
Analyst Ratings Changes
IQ has been the topic of a number of research reports. HSBC upgraded iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price target on the stock in a research report on Thursday, January 16th. OTR Global reissued a "negative" rating on shares of iQIYI in a report on Wednesday, January 8th. Citigroup cut their target price on iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a research note on Thursday, January 16th. Hsbc Global Res upgraded shares of iQIYI from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 16th. Finally, Benchmark restated a "hold" rating on shares of iQIYI in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, iQIYI has an average rating of "Hold" and an average target price of $2.91.
Read Our Latest Stock Report on IQ
iQIYI Stock Performance
The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.45. The stock has a market cap of $1.66 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 4.13 and a beta of -0.18. The business has a 50 day moving average price of $2.23 and a two-hundred day moving average price of $2.27.
iQIYI (NASDAQ:IQ - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. The business had revenue of $919.56 million for the quarter, compared to analyst estimates of $6.62 billion. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. As a group, equities research analysts forecast that iQIYI, Inc. will post 0.04 EPS for the current fiscal year.
Institutional Trading of iQIYI
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. raised its holdings in iQIYI by 4.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company's stock worth $48,959,000 after purchasing an additional 1,114,390 shares in the last quarter. Krane Funds Advisors LLC increased its position in shares of iQIYI by 82.1% during the fourth quarter. Krane Funds Advisors LLC now owns 21,763,769 shares of the company's stock valued at $43,745,000 after buying an additional 9,809,187 shares during the period. Vanguard Group Inc. raised its stake in iQIYI by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 18,293,085 shares of the company's stock worth $36,769,000 after buying an additional 502,154 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in iQIYI by 41.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company's stock worth $22,135,000 after buying an additional 3,235,223 shares during the period. Finally, Barclays PLC boosted its position in iQIYI by 78.2% during the 4th quarter. Barclays PLC now owns 3,745,666 shares of the company's stock valued at $7,529,000 after acquiring an additional 1,643,387 shares in the last quarter. Hedge funds and other institutional investors own 52.69% of the company's stock.
iQIYI Company Profile
(
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.
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