iQIYI, Inc. (NASDAQ:IQ - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $2.52, but opened at $2.69. iQIYI shares last traded at $2.51, with a volume of 12,766,807 shares.
Analyst Ratings Changes
Several brokerages have commented on IQ. Hsbc Global Res raised shares of iQIYI from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 16th. OTR Global restated a "negative" rating on shares of iQIYI in a research report on Wednesday, January 8th. HSBC upgraded iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 target price on the stock in a report on Thursday, January 16th. Citigroup lowered their price target on iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a report on Thursday, January 16th. Finally, Benchmark reiterated a "hold" rating on shares of iQIYI in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $2.91.
Read Our Latest Stock Report on IQ
iQIYI Trading Down 9.1 %
The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $2.22 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 3.76 and a beta of 0.03. The business has a fifty day moving average price of $2.13 and a 200 day moving average price of $2.36.
iQIYI (NASDAQ:IQ - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. iQIYI had a return on equity of 13.26% and a net margin of 4.69%. On average, analysts expect that iQIYI, Inc. will post 0.14 earnings per share for the current fiscal year.
Hedge Funds Weigh In On iQIYI
Large investors have recently modified their holdings of the business. Flow Traders U.S. LLC acquired a new position in iQIYI during the third quarter valued at approximately $32,000. Ground Swell Capital LLC bought a new position in shares of iQIYI in the third quarter valued at $32,000. SBI Securities Co. Ltd. acquired a new position in iQIYI during the fourth quarter worth $32,000. Vident Advisory LLC bought a new stake in iQIYI during the fourth quarter worth $33,000. Finally, PDS Planning Inc acquired a new stake in iQIYI in the fourth quarter valued at $35,000. 52.69% of the stock is currently owned by institutional investors and hedge funds.
About iQIYI
(
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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