iQIYI, Inc. (NASDAQ:IQ - Get Free Report) fell 3.8% during mid-day trading on Wednesday . The company traded as low as $2.16 and last traded at $2.15. 8,101,837 shares traded hands during trading, a decline of 55% from the average session volume of 18,131,594 shares. The stock had previously closed at $2.23.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. OTR Global reissued a "negative" rating on shares of iQIYI in a research note on Wednesday, January 8th. 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 research report on Thursday, January 16th. Hsbc Global Res raised iQIYI from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 16th. Finally, Citigroup reduced their price objective on iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, iQIYI has an average rating of "Hold" and an average target price of $2.91.
Check Out Our Latest Stock Report on iQIYI
iQIYI Stock Performance
The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 4.13 and a beta of -0.18. 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 stock's fifty day moving average is $2.27 and its two-hundred day moving average is $2.28.
iQIYI (NASDAQ:IQ - Get Free Report) last released its quarterly earnings data 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. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. The company had revenue of $919.56 million for the quarter, compared to analyst estimates of $6.62 billion. On average, analysts predict that iQIYI, Inc. will post 0.04 earnings per share for the current year.
Institutional Investors Weigh In On iQIYI
Several hedge funds have recently added to or reduced their stakes in IQ. Corient Private Wealth LLC increased its stake in shares of iQIYI by 37.3% during the fourth quarter. Corient Private Wealth LLC now owns 28,138 shares of the company's stock worth $57,000 after purchasing an additional 7,645 shares during the period. IvyRock Asset Management HK Ltd increased its position in iQIYI by 20.0% during the 4th quarter. IvyRock Asset Management HK Ltd now owns 60,000 shares of the company's stock worth $121,000 after buying an additional 10,000 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of iQIYI during the fourth quarter worth $32,000. Vident Advisory LLC bought a new stake in shares of iQIYI in the fourth quarter valued at about $33,000. Finally, PDS Planning Inc bought a new stake in shares of iQIYI in the fourth quarter valued at about $35,000. Institutional investors and hedge funds 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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