iQIYI (NASDAQ:IQ) Shares Down 3.8% - Should You Sell?

iQIYI, Inc. (NASDAQ:IQ - Get Free Report) shares traded down 3.8% on Thursday . The stock traded as low as $2.40 and last traded at $2.39. 16,029,307 shares were traded during trading, a decline of 5% from the average session volume of 16,882,118 shares. The stock had previously closed at $2.48.

Analyst Upgrades and Downgrades

IQ has been the topic of a number of recent research reports. HSBC upgraded 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. Citigroup cut their price target on shares of iQIYI from $3.00 to $2.80 and set a "buy" rating on the stock in a research report on Thursday, January 16th. OTR Global restated a "negative" rating on shares of iQIYI in a research note on Wednesday, January 8th. Benchmark reaffirmed a "hold" rating on shares of iQIYI in a research report on Wednesday, February 19th. Finally, Hsbc Global Res raised iQIYI from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, iQIYI presently has an average rating of "Hold" and a consensus price target of $2.91.

iQIYI Price Performance

The business's 50 day simple moving average is $2.22 and its 200-day simple moving average is $2.27. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 4.13 and a beta of 0.05. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70.

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iQIYI (NASDAQ:IQ - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. The business had revenue of $919.56 million for the quarter, compared to analysts' expectations of $6.62 billion. On average, research analysts forecast that iQIYI, Inc. will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Flow Traders U.S. LLC acquired a new stake in shares of iQIYI in the 3rd quarter valued at approximately $32,000. SBI Securities Co. Ltd. bought a new position in iQIYI in the 4th quarter valued at approximately $32,000. Vident Advisory LLC bought a new position in iQIYI in the 4th quarter valued at approximately $33,000. PDS Planning Inc acquired a new stake in iQIYI in the fourth quarter valued at approximately $35,000. Finally, BTG Pactual Asset Management US LLC bought a new stake in shares of iQIYI during the fourth quarter worth $37,000. Institutional investors own 52.69% of the company's stock.

iQIYI Company Profile

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.