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

Shares of iQIYI, Inc. (NASDAQ:IQ) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $2.91.

A number of equities research analysts have recently commented on the company. Benchmark reaffirmed a “hold” rating on shares of iQIYI in a research report on Wednesday, February 19th. HSBC raised iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price target for the company in a research report on Thursday, January 16th. Hsbc Global Res upgraded iQIYI from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 16th. Citigroup reduced their price objective on iQIYI from $3.00 to $2.80 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, OTR Global reiterated a “negative” rating on shares of iQIYI in a research note on Wednesday, January 8th.

iQIYI Stock Up 8.4 %

IQ opened at $2.32 on Thursday. The business has a 50 day simple moving average of $2.14 and a 200-day simple moving average of $2.28. The stock has a market capitalization of $2.23 billion, a P/E ratio of 23.20, a P/E/G ratio of 4.13 and a beta of 0.03. iQIYI has a 12 month low of $1.82 and a 12 month high of $5.80. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.45.

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

Institutional Trading of iQIYI

Several hedge funds and other institutional investors have recently modified their holdings of the business. Robeco Institutional Asset Management B.V. raised its holdings in iQIYI by 4.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company’s stock valued at $48,959,000 after buying an additional 1,114,390 shares in the last quarter. Krane Funds Advisors LLC raised its holdings in iQIYI by 82.1% during the fourth quarter. Krane Funds Advisors LLC now owns 21,763,769 shares of the company’s stock valued at $43,745,000 after buying an additional 9,809,187 shares in the last quarter. Vanguard Group Inc. raised its holdings in iQIYI by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 18,293,085 shares of the company’s stock valued at $36,769,000 after buying an additional 502,154 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in iQIYI by 41.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company’s stock valued at $22,135,000 after buying an additional 3,235,223 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of iQIYI by 78.2% in the fourth quarter. Barclays PLC now owns 3,745,666 shares of the company’s stock worth $7,529,000 after purchasing an additional 1,643,387 shares during the period. Institutional investors and hedge funds 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.