iQIYI (NASDAQ:IQ) Shares Gap Down to $5.16

iQIYI, Inc. (NASDAQ:IQGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $5.16, but opened at $4.80. iQIYI shares last traded at $4.95, with a volume of 8,444,182 shares changing hands.

Analysts Set New Price Targets

IQ has been the topic of a number of recent research reports. OTR Global reissued a “mixed” rating on shares of iQIYI in a research report on Thursday, April 4th. Benchmark restated a “buy” rating and set a $9.00 target price on shares of iQIYI in a research note on Friday. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.18.

View Our Latest Research Report on iQIYI

iQIYI Trading Down 9.2 %

The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $5.05 billion, a P/E ratio of 18.79 and a beta of 0.23. The firm’s 50-day simple moving average is $4.48 and its 200 day simple moving average is $4.33.

iQIYI (NASDAQ:IQGet Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. iQIYI had a return on equity of 18.06% and a net margin of 6.23%. Equities research analysts anticipate that iQIYI, Inc. will post 0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On iQIYI

A number of large investors have recently made changes to their positions in the business. Ballentine Partners LLC acquired a new position in iQIYI in the 4th quarter worth about $54,000. Raymond James Financial Services Advisors Inc. acquired a new stake in iQIYI in the fourth quarter valued at approximately $61,000. Pathstone Family Office LLC bought a new stake in iQIYI in the third quarter worth approximately $62,000. Tower Research Capital LLC TRC increased its stake in shares of iQIYI by 321.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,585 shares of the company’s stock worth $86,000 after purchasing an additional 13,417 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of iQIYI during the 4th quarter valued at $114,000. Institutional investors and hedge funds own 52.69% of the company’s stock.

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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