iQIYI’s (IQ) Hold Rating Reiterated at Benchmark

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

Several other equities analysts have also issued reports on the company. Citigroup reduced their target price on iQIYI from $3.00 to $2.80 and set a “buy” rating for the company in a report on Thursday, January 16th. HSBC raised iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 target price for the company in a report on Thursday, January 16th. Hsbc Global Res raised iQIYI from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 16th. OTR Global reaffirmed a “negative” rating on shares of iQIYI in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their target price on iQIYI from $2.50 to $1.80 and set a “neutral” rating for the company in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, iQIYI currently has an average rating of “Hold” and an average price target of $2.91.

iQIYI Stock Performance

Shares of IQ opened at $2.26 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.45 and a current ratio of 0.44. The stock has a 50 day moving average price of $2.13 and a two-hundred day moving average price of $2.34. The firm has a market capitalization of $2.16 billion, a P/E ratio of 22.55, a P/E/G ratio of 4.58 and a beta of 0.03. iQIYI has a 52 week low of $1.82 and a 52 week high of $5.80.

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

Hedge Funds Weigh In On iQIYI

Institutional investors and hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC bought a new position in iQIYI during the third quarter valued at $32,000. Ground Swell Capital LLC purchased a new stake in shares of iQIYI during the third quarter worth $32,000. SBI Securities Co. Ltd. purchased a new stake in shares of iQIYI during the fourth quarter worth $32,000. Vident Advisory LLC purchased a new stake in shares of iQIYI during the fourth quarter worth $33,000. Finally, PDS Planning Inc purchased a new stake in shares of iQIYI during the fourth quarter worth $35,000. 52.69% of the stock is owned by institutional investors.

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.