iQIYI, Inc. (NASDAQ:IQ - Get Free Report)'s stock price fell 5.4% during trading on Wednesday . The stock traded as low as $2.19 and last traded at $2.18. 9,756,688 shares changed hands during trading, a decline of 40% from the average session volume of 16,212,554 shares. The stock had previously closed at $2.30.
Analyst Upgrades and Downgrades
IQ has been the topic of several analyst reports. 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 note on Thursday, January 16th. OTR Global reissued a "negative" rating on shares of iQIYI in a research note on Wednesday, January 8th. Citigroup reduced their target price on iQIYI from $3.00 to $2.80 and set a "buy" rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their target price on shares of iQIYI from $2.50 to $1.80 and set a "neutral" rating on the stock in a report on Friday, November 22nd. Finally, Benchmark reiterated a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $2.91.
Get Our Latest Stock Analysis on IQ
iQIYI Price Performance
The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.45. The business's fifty day moving average price is $2.17 and its 200-day moving average price is $2.26. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 4.13 and a beta of 0.05.
iQIYI (NASDAQ:IQ - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $919.56 million during the quarter, compared to the consensus estimate of $6.62 billion. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. On average, research analysts forecast that iQIYI, Inc. will post 0.04 EPS for the current year.
Institutional Trading of iQIYI
Institutional investors and hedge funds have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its position 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 acquiring an additional 1,114,390 shares during the period. Krane Funds Advisors LLC increased its position in iQIYI by 82.1% in the fourth quarter. Krane Funds Advisors LLC now owns 21,763,769 shares of the company's stock worth $43,745,000 after buying an additional 9,809,187 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of 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 period. Dimensional Fund Advisors LP lifted its position in shares of iQIYI by 41.6% during 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 during the last quarter. Finally, Barclays PLC lifted its position in shares of iQIYI by 78.2% during the 4th quarter. Barclays PLC now owns 3,745,666 shares of the company's stock valued at $7,529,000 after buying an additional 1,643,387 shares during the last quarter. Hedge funds and other institutional investors own 52.69% of the company's stock.
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.
Further Reading
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