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

Shares of iQIYI, Inc. (NASDAQ:IQ) have been given a consensus rating of “Hold” by the four research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $6.18.

A number of equities analysts recently issued reports on IQ shares. Benchmark restated a “buy” rating and issued a $9.00 target price on shares of iQIYI in a report on Friday, May 17th. OTR Global restated a “mixed” rating on shares of iQIYI in a report on Thursday, April 4th.

Institutional Trading of iQIYI

A number of institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in iQIYI by 2.4% during the first quarter. California State Teachers Retirement System now owns 127,426 shares of the company’s stock valued at $539,000 after purchasing an additional 2,950 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of iQIYI by 6.0% in the third quarter. Principal Financial Group Inc. now owns 100,567 shares of the company’s stock worth $477,000 after buying an additional 5,691 shares during the last quarter. Profund Advisors LLC lifted its position in shares of iQIYI by 6.2% in the third quarter. Profund Advisors LLC now owns 119,573 shares of the company’s stock worth $567,000 after buying an additional 6,987 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of iQIYI by 65.0% in the first quarter. Ballentine Partners LLC now owns 18,317 shares of the company’s stock worth $77,000 after buying an additional 7,219 shares during the last quarter. Finally, abrdn plc lifted its position in shares of iQIYI by 6.6% in the fourth quarter. abrdn plc now owns 127,539 shares of the company’s stock worth $622,000 after buying an additional 7,932 shares during the last quarter. Institutional investors and hedge funds own 52.69% of the company’s stock.

iQIYI Price Performance

Shares of iQIYI stock opened at $4.23 on Tuesday. The business’s fifty day moving average price is $4.67 and its two-hundred day moving average price is $4.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $4.06 billion, a P/E ratio of 15.11, a PEG ratio of 0.31 and a beta of 0.15. iQIYI has a 1-year low of $3.06 and a 1-year high of $6.47.

iQIYI (NASDAQ:IQ) last announced its earnings results on Thursday, May 16th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.04. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. iQIYI had a return on equity of 17.57% and a net margin of 6.23%. As a group, research analysts forecast that iQIYI will post 0.38 EPS for the current 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.