iQIYI (NASDAQ:IQ) Shares Gap Down to $3.97

iQIYI, Inc. (NASDAQ:IQ)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $3.97, but opened at $3.87. iQIYI shares last traded at $3.88, with a volume of 2,981,289 shares changing hands.

Analyst Ratings Changes

Several research firms recently weighed in on IQ. OTR Global reissued a “mixed” rating on shares of iQIYI in a research report on Thursday, April 4th. Benchmark reaffirmed a “buy” rating and issued a $9.00 price target on shares of iQIYI in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.18.

iQIYI Stock Performance

The stock has a fifty day moving average price of $4.62 and a 200-day moving average price of $4.27. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.29 and a beta of 0.15. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.68.

iQIYI (NASDAQ:IQ) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.04. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. iQIYI had a net margin of 6.23% and a return on equity of 17.57%. As a group, analysts anticipate that iQIYI, Inc. will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of iQIYI

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ballentine Partners LLC bought a new stake in iQIYI during the 4th quarter worth about $54,000. Raymond James Financial Services Advisors Inc. bought a new position in iQIYI in the fourth quarter valued at approximately $61,000. Pathstone Family Office LLC bought a new position in iQIYI in the third quarter valued at approximately $62,000. Tower Research Capital LLC TRC raised its position in shares of iQIYI by 321.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,585 shares of the company’s stock valued at $86,000 after acquiring an additional 13,417 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of iQIYI in the 4th quarter valued at $114,000. Institutional investors and hedge funds own 52.69% of the company’s stock.

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.