iQIYI (NASDAQ:IQ) Reaches New 12-Month Low – Should You Sell?

iQIYI, Inc. (NASDAQ:IQ) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $1.50 and last traded at $1.73, with a volume of 95120718 shares. The stock had previously closed at $1.53.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. OTR Global restated a “negative” rating on shares of iQIYI in a research report on Wednesday, January 8th. Hsbc Global Res upgraded shares of iQIYI from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 16th. Citigroup decreased their price target on iQIYI from $3.00 to $2.80 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Benchmark reissued a “hold” rating on shares of iQIYI in a research note on Wednesday, February 19th. Finally, HSBC raised iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price target on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $2.91.

iQIYI Trading Up 12.7 %

The business has a 50 day moving average of $2.21 and a 200-day moving average of $2.26. 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 stock has a market cap of $1.66 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 4.13 and a beta of -0.18.

iQIYI (NASDAQ:IQ) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. The company had revenue of $919.56 million during the quarter, compared to the consensus estimate of $6.62 billion. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. On average, analysts anticipate that iQIYI, Inc. will post 0.04 EPS for the current year.

Institutional Trading of iQIYI

Institutional investors and hedge funds have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its holdings in iQIYI by 4.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company’s stock valued at $48,959,000 after purchasing an additional 1,114,390 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new position in iQIYI in the 3rd quarter valued at about $835,000. Y Intercept Hong Kong Ltd purchased a new position in iQIYI in the 4th quarter valued at about $468,000. Harvest Fund Management Co. Ltd boosted its position in iQIYI by 13.9% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,228,223 shares of the company’s stock valued at $6,489,000 after buying an additional 393,834 shares during the last quarter. Finally, E Fund Management Co. Ltd. boosted its position in iQIYI by 39.6% in the 4th quarter. E Fund Management Co. Ltd. now owns 2,667,758 shares of the company’s stock valued at $5,362,000 after buying an additional 756,552 shares during the last quarter. 52.69% of the stock is currently owned by institutional investors and hedge funds.

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.