iQIYI (NASDAQ:IQ) Stock Price Up 3.2%

iQIYI, Inc. (NASDAQ:IQ - Get Free Report) was up 3.2% during mid-day trading on Monday . The company traded as high as $4.31 and last traded at $4.25. Approximately 3,489,573 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 8,399,929 shares. The stock had previously closed at $4.12.

Wall Street Analyst Weigh In

Separately, OTR Global reiterated a "mixed" rating on shares of iQIYI in a report on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, iQIYI presently has an average rating of "Hold" and an average target price of $6.54.

iQIYI Stock Performance

The business's fifty day moving average price is $3.90 and its two-hundred day moving average price is $4.30. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $3.92 billion, a P/E ratio of 18.59 and a beta of 0.27.

iQIYI (NASDAQ:IQ - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.08 earnings per share for the quarter, hitting analysts' consensus estimates of $0.08. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. As a group, sell-side analysts forecast that iQIYI, Inc. will post 0.38 earnings per share for the current year.

Hedge Funds Weigh In On iQIYI

A number of large investors have recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. boosted its position in iQIYI by 168.0% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 187,631 shares of the company's stock valued at $833,000 after buying an additional 117,612 shares during the period. Envestnet Asset Management Inc. boosted its position in iQIYI by 79.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 59,542 shares of the company's stock valued at $270,000 after buying an additional 26,363 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in iQIYI by 27.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 31,215 shares of the company's stock valued at $142,000 after buying an additional 6,676 shares during the period. Panagora Asset Management Inc. boosted its position in iQIYI by 9.7% in the 1st quarter. Panagora Asset Management Inc. now owns 79,898 shares of the company's stock valued at $363,000 after buying an additional 7,049 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in iQIYI by 18.6% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 141,000 shares of the company's stock valued at $640,000 after buying an additional 22,100 shares during the period. 52.69% of the stock is owned by hedge funds and other institutional investors.

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.