iQIYI, Inc. (NASDAQ:IQ) Given Consensus Rating of “Hold” by Analysts

iQIYI, Inc. (NASDAQ:IQ) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $2.91.

IQ has been the topic of several research analyst reports. Hsbc Global Res raised shares of iQIYI from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 16th. Citigroup reduced their price target on shares of iQIYI from $3.00 to $2.80 and set a “buy” rating on the stock in a report on Thursday, January 16th. OTR Global reissued a “negative” rating on shares of iQIYI in a report on Wednesday, January 8th. Benchmark restated a “hold” rating on shares of iQIYI in a research report on Wednesday, February 19th. Finally, HSBC upgraded iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 target price on the stock in a research report on Thursday, January 16th.

Institutional Trading of iQIYI

Several hedge funds have recently made changes to their positions in the business. FMR LLC grew its position in iQIYI by 738.1% in the third quarter. FMR LLC now owns 137,793 shares of the company’s stock worth $394,000 after acquiring an additional 121,352 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of iQIYI by 77.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,871,931 shares of the company’s stock valued at $5,354,000 after purchasing an additional 815,226 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of iQIYI in the 3rd quarter worth approximately $32,000. Atom Investors LP purchased a new position in shares of iQIYI in the 3rd quarter worth approximately $318,000. Finally, Garden State Investment Advisory Services LLC bought a new position in shares of iQIYI during the 3rd quarter valued at approximately $835,000. 52.69% of the stock is currently owned by hedge funds and other institutional investors.

iQIYI Price Performance

NASDAQ:IQ opened at $2.25 on Monday. The stock has a market cap of $2.16 billion, a PE ratio of 22.50, a P/E/G ratio of 4.13 and a beta of 0.05. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70. The business’s 50-day simple moving average is $2.26 and its two-hundred day simple moving average is $2.28. iQIYI has a 52 week low of $1.82 and a 52 week high of $5.80.

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

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.