iQIYI, Inc. (NASDAQ:IQ - Get Free Report) shares traded up 4.7% during trading on Tuesday . The company traded as high as $2.11 and last traded at $2.12. 12,665,641 shares were traded during mid-day trading, a decline of 54% from the average session volume of 27,655,381 shares. The stock had previously closed at $2.02.
Analysts Set New Price Targets
A number of analysts have commented on the company. Hsbc Global Res upgraded iQIYI from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 16th. HSBC upgraded iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price target for the company in a research report on Thursday, January 16th. Benchmark reaffirmed a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price objective on iQIYI from $2.50 to $1.80 and set a "neutral" rating for the company in a research note on Friday, November 22nd. Finally, Citigroup dropped their price objective on iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a research note 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. Based on data from MarketBeat.com, iQIYI has a consensus rating of "Hold" and an average target price of $2.91.
Check Out Our Latest Research Report on iQIYI
iQIYI Stock Performance
The business has a 50 day moving average of $2.15 and a 200 day moving average of $2.27. The company has a market capitalization of $2.25 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 4.13 and a beta of 0.03. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70.
iQIYI (NASDAQ:IQ - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. The company had revenue of $919.56 million during the quarter, compared to analyst estimates of $6.62 billion. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. On average, sell-side analysts predict that iQIYI, Inc. will post 0.04 earnings per share for the current year.
Institutional Investors Weigh In On iQIYI
Several institutional investors have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. lifted its stake in shares of iQIYI by 4.8% in 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 purchasing an additional 1,114,390 shares during the last quarter. Krane Funds Advisors LLC lifted its stake in shares of iQIYI by 82.1% in the 4th quarter. Krane Funds Advisors LLC now owns 21,763,769 shares of the company's stock valued at $43,745,000 after purchasing an additional 9,809,187 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of iQIYI by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 18,293,085 shares of the company's stock valued at $36,769,000 after purchasing an additional 502,154 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of iQIYI by 41.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company's stock valued at $22,135,000 after purchasing an additional 3,235,223 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of iQIYI by 78.2% in the 4th quarter. Barclays PLC now owns 3,745,666 shares of the company's stock valued at $7,529,000 after purchasing an additional 1,643,387 shares during the last quarter. 52.69% of the stock is owned by institutional investors.
iQIYI Company Profile
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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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