iQIYI (NASDAQ:IQ) Trading Down 2.5%

iQIYI, Inc. (NASDAQ:IQ) was down 2.5% during trading on Friday . The stock traded as low as $3.98 and last traded at $3.98. Approximately 2,695,511 shares were traded during trading, a decline of 70% from the average daily volume of 8,977,574 shares. The stock had previously closed at $4.08.

Analyst Upgrades and Downgrades

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

iQIYI Stock Down 2.0 %

The business has a fifty day simple moving average of $4.39 and a two-hundred day simple moving average of $4.19. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.68. The company has a market cap of $3.84 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.29 and a beta of 0.07.

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

Institutional Trading of iQIYI

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Krane Funds Advisors LLC grew its position in iQIYI by 2.5% in the 4th quarter. Krane Funds Advisors LLC now owns 19,194,425 shares of the company’s stock valued at $93,669,000 after acquiring an additional 467,032 shares in the last quarter. Vanguard Group Inc. grew its position in iQIYI by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,756,701 shares of the company’s stock valued at $86,653,000 after acquiring an additional 170,227 shares in the last quarter. Federated Hermes Inc. grew its position in iQIYI by 14.6% in the 4th quarter. Federated Hermes Inc. now owns 12,153,225 shares of the company’s stock valued at $59,308,000 after acquiring an additional 1,549,805 shares in the last quarter. Maple Rock Capital Partners Inc. grew its position in iQIYI by 65.4% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 10,320,000 shares of the company’s stock valued at $43,654,000 after acquiring an additional 4,080,000 shares in the last quarter. Finally, Norges Bank acquired a new position in iQIYI in the 4th quarter valued at about $49,853,000. 52.69% of the stock is owned by institutional investors and hedge funds.

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.