Shares of IQIYI Inc (NASDAQ:IQ) have been given a consensus recommendation of “Hold” by the seventeen ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $20.13.

Several research firms have recently commented on IQ. 86 Research cut shares of IQIYI from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Zacks Investment Research upgraded IQIYI from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Sanford C. Bernstein raised IQIYI from an “underperform” rating to a “market perform” rating in a report on Thursday, September 12th. Jefferies Financial Group began coverage on shares of IQIYI in a research report on Monday, August 5th. They set a “buy” rating and a $21.80 target price on the stock. Finally, CLSA lowered shares of IQIYI from an “outperform” rating to an “underperform” rating in a research note on Thursday, November 7th.

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its holdings in shares of IQIYI by 852.6% during the second quarter. Bank of America Corp DE now owns 8,193,215 shares of the company’s stock worth $169,191,000 after purchasing an additional 7,333,157 shares during the period. Morgan Stanley lifted its stake in IQIYI by 77.6% during the second quarter. Morgan Stanley now owns 13,583,901 shares of the company’s stock worth $280,508,000 after purchasing an additional 5,934,451 shares during the last quarter. Matthews International Capital Management LLC lifted its stake in IQIYI by 119.6% during the second quarter. Matthews International Capital Management LLC now owns 4,800,700 shares of the company’s stock worth $99,134,000 after purchasing an additional 2,615,000 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of IQIYI by 34.5% in the 2nd quarter. BlackRock Inc. now owns 8,151,127 shares of the company’s stock valued at $168,321,000 after purchasing an additional 2,091,228 shares in the last quarter. Finally, Hillhouse Capital Advisors LTD. boosted its holdings in shares of IQIYI by 15.5% in the 2nd quarter. Hillhouse Capital Advisors LTD. now owns 14,510,018 shares of the company’s stock valued at $299,632,000 after purchasing an additional 1,952,530 shares in the last quarter. 24.29% of the stock is currently owned by institutional investors.

IQIYI stock traded down $0.21 during mid-day trading on Thursday, hitting $19.31. 2,474,950 shares of the company were exchanged, compared to its average volume of 6,597,661. The company has a market capitalization of $14.15 billion, a PE ratio of -7.82 and a beta of 2.93. The business has a fifty day moving average of $17.86 and a 200 day moving average of $18.16. IQIYI has a 1-year low of $14.35 and a 1-year high of $29.18. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.08.

IQIYI (NASDAQ:IQ) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($5.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.74) by ($4.30). IQIYI had a negative net margin of 39.47% and a negative return on equity of 72.51%. The firm had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same quarter last year, the firm earned ($0.62) earnings per share. IQIYI’s quarterly revenue was up 7.0% on a year-over-year basis. Research analysts expect that IQIYI will post -2.13 earnings per share for the current year.

About IQIYI

iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.

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Analyst Recommendations for IQIYI (NASDAQ:IQ)

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