iQIYI (NASDAQ:IQ - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02), Zacks reports. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. The company had revenue of $988.19 million for the quarter, compared to analysts' expectations of $7.10 billion.
iQIYI Trading Down 1.2%
Shares of IQ stock traded down $0.02 on Monday, hitting $1.67. The stock had a trading volume of 19,693,794 shares, compared to its average volume of 22,311,775. The company's 50 day moving average price is $1.91 and its 200-day moving average price is $2.08. iQIYI has a 1 year low of $1.50 and a 1 year high of $4.82. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.45. The firm has a market capitalization of $1.61 billion, a P/E ratio of 16.70, a P/E/G ratio of 4.13 and a beta of -0.14.
Institutional Trading of iQIYI
A hedge fund recently raised its stake in iQIYI stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of iQIYI, Inc. (NASDAQ:IQ - Free Report) by 393.4% during the first quarter, according to the company in its most recent filing with the Securities & 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 0.22% of iQIYI worth $4,864,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 52.69% of the company's stock.
Analysts Set New Price Targets
Separately, Benchmark restated 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 assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $2.91.
View Our Latest Stock Report on IQ
About iQIYI
(
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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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