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

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

Separately, Benchmark restated a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, iQIYI currently has a consensus rating of "Hold" and a consensus target price of $2.91.

iQIYI Stock Performance

IQ stock traded down $0.05 during mid-day trading on Friday, reaching $1.60. The company had a trading volume of 32,388,207 shares, compared to its average volume of 22,569,608. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $1.54 billion, a P/E ratio of 16.00, a P/E/G ratio of 4.13 and a beta of -0.14. iQIYI has a one year low of $1.50 and a one year high of $4.70. The stock's 50-day simple moving average is $1.85 and its two-hundred day simple moving average is $2.06.

iQIYI (NASDAQ:IQ - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The firm had revenue of $988.19 million during the quarter, compared to analyst estimates of $7.10 billion. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. Research analysts anticipate that iQIYI will post 0.04 EPS for the current year.

Hedge Funds Weigh In On iQIYI

Several large investors have recently bought and sold shares of IQ. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in iQIYI by 393.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,152,263 shares of the company's stock valued at $4,864,000 after purchasing an additional 1,716,011 shares in the last quarter. Nomura Holdings Inc. raised its stake in shares of iQIYI by 461.7% in the 1st quarter. Nomura Holdings Inc. now owns 1,614,192 shares of the company's stock worth $3,648,000 after buying an additional 1,326,830 shares in the last quarter. DRW Securities LLC bought a new stake in shares of iQIYI in the 1st quarter worth $33,000. Causeway Capital Management LLC lifted its holdings 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 valued at $6,545,000 after buying an additional 651,500 shares during the period. Finally, Quantbot Technologies LP bought a new position in iQIYI during the first quarter valued at about $374,000. 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.