Shares of iQIYI, Inc. (NASDAQ:IQ - Get Free Report) saw an uptick in trading volume on Wednesday . 30,260,918 shares traded hands during trading, an increase of 58% from the previous session's volume of 19,151,866 shares.The stock last traded at $1.70 and had previously closed at $1.53.
Analysts Set New Price Targets
A number of research firms have recently commented on IQ. OTR Global restated a "negative" rating on shares of iQIYI in a report on Wednesday, January 8th. Citigroup decreased their target price on iQIYI from $3.00 to $2.80 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Benchmark reiterated a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. Hsbc Global Res raised shares of iQIYI from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 16th. Finally, HSBC upgraded shares of iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 target price for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $2.91.
Read Our Latest Analysis on iQIYI
iQIYI Price Performance
The stock has a 50-day simple moving average of $2.19 and a 200-day simple moving average of $2.25. 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 firm has a market capitalization of $1.58 billion, a PE ratio of 16.40, a P/E/G ratio of 4.13 and a beta of -0.18.
iQIYI (NASDAQ:IQ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business had revenue of $919.56 million during the quarter, compared to the consensus estimate of $6.62 billion. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. Analysts forecast that iQIYI, Inc. will post 0.04 EPS for the current year.
Institutional Trading of iQIYI
Hedge funds have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. increased its holdings in shares of iQIYI by 4.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company's stock valued at $48,959,000 after purchasing an additional 1,114,390 shares in the last quarter. Krane Funds Advisors LLC boosted its stake in shares of iQIYI by 82.1% in the 4th 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. increased its holdings in iQIYI by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 18,293,085 shares of the company's stock valued at $36,769,000 after buying an additional 502,154 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of iQIYI by 41.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company's stock valued at $22,135,000 after buying an additional 3,235,223 shares in the last quarter. Finally, Barclays PLC grew its stake in iQIYI by 78.2% during the 4th quarter. Barclays PLC now owns 3,745,666 shares of the company's stock worth $7,529,000 after buying an additional 1,643,387 shares during the last quarter. 52.69% of the stock is currently owned by hedge funds and other institutional investors.
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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