iQIYI (NASDAQ:IQ) Given Hold Rating at Benchmark

Benchmark reaffirmed their hold rating on shares of iQIYI (NASDAQ:IQ) in a report released on Friday morning,Benzinga reports.

A number of other research firms have also recently commented on IQ. Nomura Securities upgraded iQIYI to a “hold” rating in a research note on Monday, August 26th. The Goldman Sachs Group cut iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 target price for the company. in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.15.

iQIYI Trading Up 6.7 %

IQ opened at $2.08 on Friday. The stock has a market cap of $2.00 billion, a PE ratio of 10.40, a PEG ratio of 0.53 and a beta of 0.08. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average of $2.47 and a 200-day moving average of $3.20. iQIYI has a 52 week low of $1.89 and a 52 week high of $5.80.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IQ. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of iQIYI in the second quarter worth $31,000. Flow Traders U.S. LLC purchased a new position in shares of iQIYI in the third quarter worth $32,000. Ground Swell Capital LLC purchased a new position in shares of iQIYI in the third quarter worth $32,000. Seven Eight Capital LP purchased a new position in shares of iQIYI in the second quarter worth $42,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of iQIYI in the second quarter worth $46,000. Hedge funds and other institutional investors own 52.69% of the company’s stock.

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.