iQIYI, Inc. (NASDAQ:IQ - Get Free Report)'s share price fell 4% during trading on Monday . The company traded as low as $2.18 and last traded at $2.18. 3,990,498 shares traded hands during trading, a decline of 69% from the average session volume of 12,740,189 shares. The stock had previously closed at $2.27.
Analyst Ratings Changes
A number of research firms recently issued reports on IQ. Nomura Securities raised iQIYI to a "hold" rating in a research report on Monday, August 26th. The Goldman Sachs Group lowered iQIYI from a "buy" rating to a "neutral" rating and set a $2.80 price target on the stock. in a research report on Tuesday, August 27th. JPMorgan Chase & Co. dropped their price objective on iQIYI from $2.50 to $1.80 and set a "neutral" rating on the stock in a research note on Friday, November 22nd. Finally, Benchmark reissued a "hold" rating on shares of iQIYI in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $3.15.
Get Our Latest Stock Report on IQ
iQIYI Price Performance
The business has a fifty day moving average of $2.37 and a two-hundred day moving average of $2.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.45. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 0.60 and a beta of 0.02.
Institutional Trading of iQIYI
Several hedge funds have recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ acquired a new position in iQIYI in the 2nd quarter valued at $31,000. Ground Swell Capital LLC acquired a new position in shares of iQIYI in the third quarter valued at about $32,000. Flow Traders U.S. LLC bought a new position in iQIYI during the third quarter worth about $32,000. Seven Eight Capital LP acquired a new stake in iQIYI in the 2nd quarter worth about $42,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in iQIYI in the 2nd quarter worth about $46,000. 52.69% of the stock is owned by institutional investors and hedge funds.
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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