iQIYI, Inc. (NASDAQ:IQ) Given Consensus Recommendation of “Hold” by Brokerages

iQIYI, Inc. (NASDAQ:IQ) has been assigned an average rating of “Hold” from the four analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $6.18.

Several equities analysts recently commented on the company. Benchmark reiterated a “buy” rating and issued a $9.00 target price on shares of iQIYI in a research note on Friday, May 17th. OTR Global reissued a “mixed” rating on shares of iQIYI in a research report on Thursday, April 4th.

iQIYI Stock Up 1.9 %

iQIYI stock opened at $3.67 on Friday. iQIYI has a twelve month low of $3.06 and a twelve month high of $6.47. The stock has a 50 day moving average of $4.58 and a two-hundred day moving average of $4.24. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 0.28 and a beta of 0.15.

iQIYI (NASDAQ:IQ) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.06 by $0.04. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. iQIYI had a return on equity of 17.57% and a net margin of 6.23%. As a group, research analysts expect that iQIYI will post 0.38 earnings per share for the current year.

Institutional Trading of iQIYI

A number of institutional investors and hedge funds have recently made changes to their positions in IQ. Ballentine Partners LLC bought a new position in iQIYI during the 4th quarter valued at $54,000. Raymond James Financial Services Advisors Inc. bought a new position in iQIYI during the 4th quarter valued at $61,000. Tower Research Capital LLC TRC boosted its stake in iQIYI by 321.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,585 shares of the company’s stock valued at $86,000 after purchasing an additional 13,417 shares in the last quarter. Jump Financial LLC bought a new position in iQIYI during the 4th quarter valued at $114,000. Finally, DGS Capital Management LLC boosted its stake in iQIYI by 111.1% during the 4th quarter. DGS Capital Management LLC now owns 26,517 shares of the company’s stock valued at $129,000 after purchasing an additional 13,958 shares in the last quarter. 52.69% of the stock is currently owned by institutional investors and hedge funds.

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.