iQIYI (NASDAQ:IQ) Trading Down 5.7% - Time to Sell?

iQIYI, Inc. (NASDAQ:IQ - Get Free Report)'s share price traded down 5.7% during mid-day trading on Friday . The company traded as low as $1.74 and last traded at $1.73. 3,791,346 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 22,850,415 shares. The stock had previously closed at $1.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of iQIYI from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Benchmark reaffirmed 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 company's stock. According to data from MarketBeat.com, iQIYI has a consensus rating of "Hold" and an average target price of $2.91.

iQIYI Stock Performance

The firm's 50 day moving average is $1.78 and its two-hundred day moving average is $2.04. The stock has a market capitalization of $1.67 billion, a PE ratio of 17.30, a P/E/G ratio of 4.13 and a beta of -0.18. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.45 and a current ratio of 0.44.

iQIYI (NASDAQ:IQ - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). iQIYI had a return on equity of 7.62% and a net margin of 2.62%. The business had revenue of $988.19 million for the quarter, compared to analysts' expectations of $7.10 billion. As a group, research analysts predict that iQIYI, Inc. will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 worth $4,864,000 after acquiring an additional 1,716,011 shares in the last quarter. Nomura Holdings Inc. grew its holdings in iQIYI by 461.7% during the 1st 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 in the last quarter. DRW Securities LLC acquired a new position in shares of iQIYI in the 1st quarter valued at $33,000. Causeway Capital Management LLC boosted its holdings in shares of iQIYI by 29.0% in the 1st 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 in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of iQIYI in the 1st quarter valued at $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.