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

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

Several equities research analysts have recently issued reports on the stock. Benchmark reissued a “hold” rating on shares of iQIYI in a research report on Friday, November 22nd. OTR Global reiterated a “negative” rating on shares of iQIYI in a report on Wednesday, January 8th. Hsbc Global Res upgraded iQIYI from a “moderate sell” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on iQIYI from $2.50 to $1.80 and set a “neutral” rating for the company in a research note on Friday, November 22nd. Finally, Citigroup reduced 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.

Institutional Trading of iQIYI

A number of hedge funds and other institutional investors have recently made changes to their positions in IQ. Ballentine Partners LLC acquired a new position in iQIYI in the fourth quarter worth about $47,000. Principal Financial Group Inc. lifted its holdings in iQIYI by 181.1% during the 3rd quarter. Principal Financial Group Inc. now owns 101,500 shares of the company’s stock worth $290,000 after buying an additional 65,396 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new position in shares of iQIYI in the 3rd quarter worth approximately $835,000. Franklin Resources Inc. increased its holdings in shares of iQIYI by 16.0% in the 3rd quarter. Franklin Resources Inc. now owns 173,386 shares of the company’s stock valued at $496,000 after acquiring an additional 23,926 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of iQIYI during the 3rd quarter valued at approximately $164,000. Institutional investors own 52.69% of the company’s stock.

iQIYI Stock Performance

iQIYI stock opened at $1.94 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.45 and a quick ratio of 0.45. iQIYI has a 12 month low of $1.82 and a 12 month high of $5.80. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 1.99 and a beta of 0.02. The stock’s 50-day moving average is $2.10 and its 200-day moving average is $2.55.

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.