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

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

Several equities analysts have issued reports on IQ shares. HSBC upgraded shares of iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 target price on the stock in a research note on Thursday, January 16th. Benchmark restated a “hold” rating on shares of iQIYI in a research report on Wednesday, February 19th. Hsbc Global Res raised shares of iQIYI from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. decreased their target price on shares of 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 cut their price objective on iQIYI from $3.00 to $2.80 and set a “buy” rating for the company in a report on Thursday, January 16th.

iQIYI Trading Down 3.9 %

NASDAQ:IQ opened at $2.21 on Thursday. iQIYI has a 52 week low of $1.82 and a 52 week high of $5.80. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 4.13 and a beta of 0.05. The company’s 50 day moving average price is $2.16 and its 200-day moving average price is $2.26. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70.

iQIYI (NASDAQ:IQ) last posted its earnings results on Tuesday, February 18th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business 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%. On average, equities research analysts forecast that iQIYI will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IQ. Krane Funds Advisors LLC raised its stake in shares of iQIYI by 82.1% in the fourth quarter. Krane Funds Advisors LLC now owns 21,763,769 shares of the company’s stock worth $43,745,000 after buying an additional 9,809,187 shares during the period. Woodline Partners LP purchased a new stake in iQIYI in the 4th quarter worth approximately $6,818,000. Dimensional Fund Advisors LP raised its stake in iQIYI by 41.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company’s stock worth $22,135,000 after acquiring an additional 3,235,223 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in iQIYI during the 4th quarter worth approximately $6,297,000. Finally, Norges Bank purchased a new position in iQIYI during the fourth quarter valued at approximately $3,914,000. 52.69% of the stock is currently 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.