iQIYI (NASDAQ:IQ) Shares Down 2.6% - Time to Sell?

iQIYI, Inc. (NASDAQ:IQ - Get Free Report)'s share price traded down 2.6% during trading on Tuesday . The company traded as low as $1.69 and last traded at $1.70. 5,511,314 shares traded hands during trading, a decline of 83% from the average session volume of 31,614,094 shares. The stock had previously closed at $1.74.

Analysts Set New Price Targets

IQ has been the subject of several recent analyst reports. Benchmark restated a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. OTR Global restated a "negative" rating on shares of iQIYI in a research note on Wednesday, January 8th. HSBC raised shares of iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price target on the stock in a research note on Thursday, January 16th. Citigroup reduced their price objective on shares of iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a research note on Thursday, January 16th. Finally, Hsbc Global Res raised shares of iQIYI from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $2.91.

iQIYI Stock Performance

The company has a current ratio of 0.44, a quick ratio of 0.45 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $1.58 billion, a PE ratio of 16.40, a PEG ratio of 4.13 and a beta of -0.18. The stock's 50 day moving average price is $2.19 and its two-hundred day moving average price is $2.25.

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iQIYI (NASDAQ:IQ - Get Free Report) last released its quarterly earnings results 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 return on equity of 7.62% and a net margin of 2.62%. The company had revenue of $919.56 million during the quarter, compared to the consensus estimate of $6.62 billion. On average, equities analysts expect that iQIYI, Inc. will post 0.04 earnings per share for the current year.

Institutional Trading of iQIYI

Several hedge funds and other institutional investors have recently bought and sold shares of IQ. Robeco Institutional Asset Management B.V. grew its holdings in 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 buying an additional 1,114,390 shares during the period. Garden State Investment Advisory Services LLC purchased a new stake in iQIYI in the third quarter valued at approximately $835,000. Y Intercept Hong Kong Ltd acquired a new position in iQIYI during the fourth quarter worth approximately $468,000. Harvest Fund Management Co. Ltd raised its stake in iQIYI by 13.9% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,228,223 shares of the company's stock worth $6,489,000 after purchasing an additional 393,834 shares during the period. Finally, E Fund Management Co. Ltd. boosted its holdings in shares of iQIYI by 39.6% in the 4th quarter. E Fund Management Co. Ltd. now owns 2,667,758 shares of the company's stock valued at $5,362,000 after purchasing an additional 756,552 shares during the last quarter. 52.69% of the stock is owned by hedge funds and other institutional investors.

iQIYI Company Profile

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.