iQIYI (NASDAQ:IQ) Trading Down 3.6%

Shares of iQIYI, Inc. (NASDAQ:IQ) dropped 3.6% during trading on Friday . The company traded as low as $3.65 and last traded at $3.75. Approximately 1,318,316 shares were traded during trading, a decline of 85% from the average daily volume of 8,952,518 shares. The stock had previously closed at $3.89.

Analysts Set New Price Targets

IQ has been the topic of a number of research reports. OTR Global restated a “mixed” rating on shares of iQIYI in a report on Thursday, April 4th. Benchmark restated a “buy” rating and set a $9.00 target price on shares of iQIYI in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, iQIYI has an average rating of “Hold” and a consensus target price of $6.18.

iQIYI Trading Down 3.1 %

The firm has a market cap of $3.62 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.28 and a beta of 0.07. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50-day simple moving average of $4.51 and a two-hundred day simple moving average of $4.21.

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

Institutional Trading of iQIYI

Several hedge funds and other institutional investors have recently bought and sold shares of IQ. Ballentine Partners LLC purchased a new stake in iQIYI in the fourth quarter worth $54,000. Raymond James Financial Services Advisors Inc. purchased a new stake in iQIYI in the fourth quarter worth $61,000. Tower Research Capital LLC TRC increased its stake in shares of iQIYI by 321.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,585 shares of the company’s stock valued at $86,000 after buying an additional 13,417 shares during the period. Jump Financial LLC purchased a new position in shares of iQIYI during the fourth quarter valued at $114,000. Finally, DGS Capital Management LLC increased its stake in shares of iQIYI by 111.1% during the fourth quarter. DGS Capital Management LLC now owns 26,517 shares of the company’s stock valued at $129,000 after buying an additional 13,958 shares during the period. Hedge funds and other institutional investors own 52.69% of the company’s stock.

About iQIYI

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.