iQIYI (NASDAQ:IQ - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02), Zacks reports. iQIYI had a net margin of 2.62% and a return on equity of 7.62%.
iQIYI Stock Performance
Shares of iQIYI stock traded down $0.16 during trading hours on Wednesday, reaching $1.71. The company's stock had a trading volume of 7,820,981 shares, compared to its average volume of 21,928,738. The stock has a market cap of $1.64 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 4.13 and a beta of -0.14. The company's 50 day simple moving average is $1.96 and its 200 day simple moving average is $2.10. iQIYI has a one year low of $1.50 and a one year high of $5.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.45 and a current ratio of 0.44.
Wall Street Analyst Weigh In
Separately, Benchmark reaffirmed a "hold" rating on shares of iQIYI in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $2.91.
Get Our Latest Stock Analysis on iQIYI
Institutional Trading of iQIYI
An institutional investor recently raised its position in iQIYI stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of iQIYI, Inc. (NASDAQ:IQ - Free Report) by 393.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,152,263 shares of the company's stock after buying an additional 1,716,011 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.22% of iQIYI worth $4,864,000 as of its most recent filing with the Securities and Exchange Commission. 52.69% of the stock is currently owned by hedge funds and other institutional investors.
iQIYI Company Profile
(
Get Free Report)
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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