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

iQIYI, Inc. (NASDAQ:IQ - Get Free Report) 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.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wall Street Zen cut shares of iQIYI from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Benchmark reissued 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 issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $2.91.

iQIYI Trading Up 2.3%

The company has a 50 day moving average of $1.78 and a 200 day moving average of $2.03. The firm has a market cap of $1.70 billion, a P/E ratio of 17.70, a PEG 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 posted its earnings results on Wednesday, May 21st. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $988.19 million during the quarter, compared to the consensus estimate of $7.10 billion. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. Analysts predict that iQIYI, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Trading of iQIYI

Large investors have recently made changes to their positions in the stock. Krane Funds Advisors LLC raised its stake in shares of iQIYI by 82.1% in the 4th quarter. Krane Funds Advisors LLC now owns 21,763,769 shares of the company's stock valued at $43,745,000 after acquiring an additional 9,809,187 shares in the last quarter. Woodline Partners LP bought a new position in shares of iQIYI in the fourth quarter valued at approximately $6,818,000. Dimensional Fund Advisors LP lifted its stake in shares of iQIYI by 41.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company's stock worth $22,135,000 after buying an additional 3,235,223 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of iQIYI in the fourth quarter worth $6,297,000. Finally, Federated Hermes Inc. boosted its holdings in shares of iQIYI by 44.5% during the 1st quarter. Federated Hermes Inc. now owns 9,370,852 shares of the company's stock worth $21,178,000 after buying an additional 2,886,631 shares during the period. Institutional investors 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.