iQIYI (NASDAQ:IQ - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Friday.
iQIYI Stock Up 0.8%
Shares of IQ traded up $0.02 during mid-day trading on Friday, hitting $1.99. The company's stock had a trading volume of 11,189,474 shares, compared to its average volume of 23,945,983. The company's 50-day moving average is $1.77 and its 200-day moving average is $1.97. iQIYI has a 52-week low of $1.50 and a 52-week high of $3.43. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 49.49 and a beta of -0.17. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.61.
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 analysts' consensus estimates of $0.05 by ($0.02). iQIYI had a net margin of 1.02% and a return on equity of 3.62%. The firm had revenue of $988.19 million for the quarter, compared to analysts' expectations of $7.10 billion. On average, equities research analysts forecast that iQIYI will post 0.04 EPS for the current fiscal year.
Hedge Funds Weigh In On iQIYI
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its stake in iQIYI by 48.2% during the second quarter. Public Employees Retirement System of Ohio now owns 425,400 shares of the company's stock worth $753,000 after purchasing an additional 138,300 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in iQIYI by 393.4% during the first 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 purchasing an additional 1,716,011 shares during the period. Nomura Holdings Inc. increased its position in shares of iQIYI by 461.7% during the first quarter. Nomura Holdings Inc. now owns 1,614,192 shares of the company's stock valued at $3,648,000 after acquiring an additional 1,326,830 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of iQIYI during the first quarter valued at about $33,000. Finally, Causeway Capital Management LLC increased its position in shares of iQIYI by 29.0% during the first quarter. Causeway Capital Management LLC now owns 2,896,200 shares of the company's stock valued at $6,545,000 after acquiring an additional 651,500 shares during the last quarter. 52.69% of the stock is owned by hedge funds and other institutional investors.
iQIYI Company Profile
(
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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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