iQIYI, Inc. (NASDAQ:IQ - Get Free Report)'s share price gapped down prior to trading on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $1.86, but opened at $1.79. iQIYI shares last traded at $1.69, with a volume of 7,820,981 shares changing hands.
The company reported $0.03 earnings per share (EPS) 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%.
Analysts Set New Price Targets
Separately, Benchmark reiterated a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, iQIYI has an average rating of "Hold" and an average price target of $2.91.
Read Our Latest Analysis on IQ
Institutional Trading of iQIYI
Large investors have recently modified their holdings of the company. Corient Private Wealth LLC grew its position in iQIYI by 37.3% in the 4th quarter. Corient Private Wealth LLC now owns 28,138 shares of the company's stock valued at $57,000 after buying an additional 7,645 shares in the last quarter. IvyRock Asset Management HK Ltd boosted its position in shares of iQIYI by 20.0% during the 4th quarter. IvyRock Asset Management HK Ltd now owns 60,000 shares of the company's stock valued at $121,000 after purchasing an additional 10,000 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of iQIYI during the 1st quarter valued at about $30,000. DRW Securities LLC bought a new position in shares of iQIYI during the 1st quarter valued at about $33,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of iQIYI during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 52.69% of the company's stock.
iQIYI Stock Performance
The company has a current ratio of 0.44, a quick ratio of 0.45 and a debt-to-equity ratio of 0.70. The company's 50-day moving average price is $1.96 and its two-hundred day moving average price is $2.10. The company has a market cap of $1.65 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 4.13 and a beta of -0.14.
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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