iQIYI, Inc. (NASDAQ:IQ) Receives Consensus Rating of “Hold” from Brokerages

Shares of iQIYI, Inc. (NASDAQ:IQ) have earned an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $2.91.

Several research firms recently commented on IQ. HSBC raised 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. Citigroup dropped their price target on iQIYI from $3.00 to $2.80 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Benchmark reaffirmed a “hold” rating on shares of iQIYI in a research report on Wednesday, February 19th. OTR Global reissued a “negative” rating on shares of iQIYI in a report on Wednesday, January 8th. Finally, Hsbc Global Res raised iQIYI from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 16th.

iQIYI Price Performance

Shares of iQIYI stock opened at $2.25 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average of $2.26 and a 200 day moving average of $2.28. The company has a market cap of $2.16 billion, a PE ratio of 22.50, a P/E/G ratio of 4.13 and a beta of 0.05. iQIYI has a 52 week low of $1.82 and a 52 week high of $5.80.

iQIYI (NASDAQ:IQ) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 2.62% and a return on equity of 7.62%. As a group, equities research analysts forecast that iQIYI will post 0.04 earnings per share for the current year.

Hedge Funds Weigh In On iQIYI

Several institutional investors have recently made changes to their positions in IQ. FMR LLC boosted its stake in shares of iQIYI by 738.1% during the 3rd quarter. FMR LLC now owns 137,793 shares of the company’s stock worth $394,000 after acquiring an additional 121,352 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in iQIYI by 77.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,871,931 shares of the company’s stock worth $5,354,000 after purchasing an additional 815,226 shares during the period. Flow Traders U.S. LLC purchased a new position in iQIYI during the third quarter valued at $32,000. Atom Investors LP bought a new stake in iQIYI during the third quarter valued at about $318,000. Finally, Garden State Investment Advisory Services LLC purchased a new stake in iQIYI in the third quarter worth about $835,000. 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.