iQIYI, Inc. (NASDAQ:IQ - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $1.50 and last traded at $1.73, with a volume of 95120718 shares trading hands. The stock had previously closed at $1.53.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. OTR Global restated a "negative" rating on shares of iQIYI in a research report on Wednesday, January 8th. Citigroup decreased their price target on shares of iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a research note on Thursday, January 16th. Benchmark reissued a "hold" rating on shares of iQIYI in a research report on Wednesday, February 19th. HSBC raised shares of iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price objective on the stock in a report on Thursday, January 16th. Finally, Hsbc Global Res raised iQIYI from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $2.91.
Get Our Latest Report on iQIYI
iQIYI Stock Up 8.2 %
The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 4.13 and a beta of -0.18. The business's 50-day moving average is $2.18 and its 200-day moving average is $2.24.
iQIYI (NASDAQ:IQ - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. The business had revenue of $919.56 million during the quarter, compared to analysts' expectations of $6.62 billion. As a group, equities analysts predict that iQIYI, Inc. will post 0.04 earnings per share for the current year.
Hedge Funds Weigh In On iQIYI
A number of large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in iQIYI during the 4th quarter worth approximately $32,000. Vident Advisory LLC acquired a new stake in shares of iQIYI during the 4th quarter worth approximately $33,000. PDS Planning Inc acquired a new position in iQIYI in the fourth quarter valued at approximately $35,000. BTG Pactual Asset Management US LLC purchased a new position in shares of iQIYI during the 4th quarter worth $37,000. Finally, HighTower Advisors LLC increased its position in shares of iQIYI by 102.9% during the third quarter. HighTower Advisors LLC now owns 19,840 shares of the company's stock valued at $56,000 after acquiring an additional 701,901 shares during the last quarter. Institutional investors and hedge funds own 52.69% of the company's stock.
About iQIYI
(
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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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