iQIYI (NASDAQ:IQ) Stock Price Down 4.5% – Should You Sell?

iQIYI, Inc. (NASDAQ:IQ)’s stock price fell 4.5% during trading on Friday . The company traded as low as $2.24 and last traded at $2.22. 2,640,147 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 20,620,998 shares. The stock had previously closed at $2.32.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. OTR Global reissued a “negative” rating on shares of iQIYI in a report on Wednesday, January 8th. Hsbc Global Res raised iQIYI from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. cut their price target on iQIYI from $2.50 to $1.80 and set a “neutral” rating for the company in a research note on Friday, November 22nd. HSBC upgraded shares of iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price objective on the stock in a research note on Thursday, January 16th. Finally, Benchmark restated a “hold” rating on shares of iQIYI in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, iQIYI presently has a consensus rating of “Hold” and an average target price of $2.91.

iQIYI Stock Down 6.5 %

The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65. The company has a 50 day simple moving average of $2.09 and a two-hundred day simple moving average of $2.44. The firm has a market capitalization of $2.08 billion, a P/E ratio of 10.85, a P/E/G ratio of 3.49 and a beta of 0.02.

iQIYI (NASDAQ:IQ) last posted its earnings results on Thursday, November 21st. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. iQIYI had a net margin of 4.69% and a return on equity of 13.26%. During the same period last year, the firm earned $0.07 earnings per share. On average, equities analysts predict that iQIYI, Inc. will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Sei Investments Co. grew its holdings in shares of iQIYI by 10.1% in the second quarter. Sei Investments Co. now owns 112,270 shares of the company’s stock worth $412,000 after purchasing an additional 10,342 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in iQIYI in the 3rd quarter valued at about $32,000. Ground Swell Capital LLC bought a new position in iQIYI in the 3rd quarter worth about $32,000. Ballentine Partners LLC purchased a new position in shares of iQIYI during the fourth quarter worth approximately $47,000. Finally, Franklin Resources Inc. raised its stake in shares of iQIYI by 16.0% during the third quarter. Franklin Resources Inc. now owns 173,386 shares of the company’s stock valued at $496,000 after acquiring an additional 23,926 shares in the last quarter. Hedge funds and other institutional investors own 52.69% of the company’s stock.

About iQIYI

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.