iQIYI, Inc. (NASDAQ:IQ - Get Free Report)'s stock price traded up 9% during trading on Thursday . The company traded as high as $2.30 and last traded at $2.35. 6,020,857 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 20,353,893 shares. The stock had previously closed at $2.16.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. OTR Global reiterated 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 report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price target 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. Hsbc Global Res raised iQIYI from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 16th. Finally, Citigroup decreased their target price on iQIYI from $3.00 to $2.80 and set a "buy" rating on the stock in a research note 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $2.91.
View Our Latest Analysis on IQ
iQIYI Price Performance
The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65. The firm's 50-day moving average price is $2.09 and its two-hundred day moving average price is $2.43. The stock has a market cap of $2.01 billion, a PE ratio of 10.45, a PEG ratio of 3.50 and a beta of 0.03.
iQIYI (NASDAQ:IQ - Get Free Report) last issued its quarterly earnings results on Thursday, November 21st. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. iQIYI had a return on equity of 13.26% and a net margin of 4.69%. During the same quarter in the prior year, the firm earned $0.07 EPS. On average, equities analysts expect that iQIYI, Inc. will post 0.14 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Genesis Investment Management LLP increased its stake in shares of iQIYI by 112.1% during the 3rd quarter. Genesis Investment Management LLP now owns 16,582,183 shares of the company's stock worth $47,425,000 after purchasing an additional 8,765,711 shares in the last quarter. Monolith Management Ltd purchased a new stake in iQIYI during the 3rd quarter worth $4,576,000. Robeco Institutional Asset Management B.V. grew its stake in shares of iQIYI by 4.8% in the fourth 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 in the last quarter. SG Americas Securities LLC raised its stake in shares of iQIYI by 8,351.7% during the third quarter. SG Americas Securities LLC now owns 1,005,249 shares of the company's stock valued at $2,875,000 after purchasing an additional 993,355 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in iQIYI by 77.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,871,931 shares of the company's stock valued at $5,354,000 after buying an additional 815,226 shares during the last quarter. 52.69% of the stock is owned by institutional investors and hedge funds.
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.
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