iQIYI, Inc. (NASDAQ:IQ) Given Consensus Recommendation of "Hold" by Brokerages

Shares of iQIYI, Inc. (NASDAQ:IQ - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $2.91.

Several equities research analysts have commented on IQ shares. Hsbc Global Res upgraded iQIYI from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 16th. Benchmark reiterated a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. OTR Global restated a "negative" rating on shares of iQIYI in a report on Wednesday, January 8th. HSBC upgraded iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price target for the company in a report on Thursday, January 16th. Finally, Citigroup lowered their target price on iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a research note on Thursday, January 16th.

iQIYI Price Performance

IQ stock traded down $0.03 during trading on Friday, hitting $1.89. The stock had a trading volume of 19,278,481 shares, compared to its average volume of 21,651,894. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 4.13 and a beta of -0.18. 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 company's 50 day moving average price is $2.06 and its two-hundred day moving average price is $2.17. iQIYI has a 1-year low of $1.50 and a 1-year high of $5.80.

iQIYI (NASDAQ:IQ - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.03) earnings per share for the quarter, beating 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 net margin of 2.62% and a return on equity of 7.62%. On average, sell-side analysts forecast that iQIYI will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On iQIYI

A number of institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in shares of iQIYI in the fourth quarter worth $32,000. Vident Advisory LLC bought a new stake in shares of iQIYI in the 4th quarter worth about $33,000. PDS Planning Inc bought a new stake in shares of iQIYI in the 4th quarter worth about $35,000. BTG Pactual Asset Management US LLC acquired a new stake in shares of iQIYI in the 4th quarter valued at about $37,000. Finally, Ballentine Partners LLC bought a new position in shares of iQIYI during the fourth quarter worth about $47,000. 52.69% of the stock is owned by institutional investors and hedge funds.

About iQIYI

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.