iQIYI (NASDAQ:IQ) Cut to Sell at Wall Street Zen

iQIYI (NASDAQ:IQ - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

iQIYI Stock Performance

NASDAQ:IQ opened at $2.00 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.93 billion, a PE ratio of 50.01 and a beta of -0.17. The firm's fifty day simple moving average is $1.78 and its 200 day simple moving average is $1.97. iQIYI has a 1 year low of $1.50 and a 1 year high of $3.40.

iQIYI (NASDAQ:IQ - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $988.19 million during the quarter, compared to analyst estimates of $7.10 billion. iQIYI had a return on equity of 3.62% and a net margin of 1.02%. On average, sell-side analysts anticipate that iQIYI will post 0.04 EPS for the current year.

Hedge Funds Weigh In On iQIYI

Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in iQIYI by 48.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 425,400 shares of the company's stock valued at $753,000 after purchasing an additional 138,300 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of iQIYI by 393.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,152,263 shares of the company's stock worth $4,864,000 after acquiring an additional 1,716,011 shares during the last quarter. Nomura Holdings Inc. raised its stake in shares of iQIYI by 461.7% in the first quarter. Nomura Holdings Inc. now owns 1,614,192 shares of the company's stock worth $3,648,000 after acquiring an additional 1,326,830 shares during the last quarter. DRW Securities LLC bought a new position in shares of iQIYI in the first quarter worth about $33,000. Finally, Causeway Capital Management LLC raised its stake in shares of iQIYI by 29.0% in the first quarter. Causeway Capital Management LLC now owns 2,896,200 shares of the company's stock worth $6,545,000 after acquiring an additional 651,500 shares during the last quarter. 52.69% of the stock is owned by institutional investors.

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.

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