iQIYI, Inc. (NASDAQ:IQ) Receives $2.91 Consensus Target Price from Brokerages

Shares of iQIYI, Inc. (NASDAQ:IQ - Get Free Report) have been assigned an average recommendation of "Hold" from the eight ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $2.91.

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

iQIYI Stock Performance

IQ traded up $0.03 during trading hours on Thursday, hitting $2.35. The stock had a trading volume of 27,640,138 shares, compared to its average volume of 28,666,496. The company's fifty day simple moving average is $2.15 and its 200 day simple moving average is $2.27. iQIYI has a 1 year low of $1.82 and a 1 year high of $5.80. The stock has a market cap of $2.25 billion, a PE ratio of 23.50, a price-to-earnings-growth 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.

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iQIYI (NASDAQ:IQ - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.03) earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $6.62 billion. Equities analysts anticipate that iQIYI will post 0.04 earnings per share for the current year.

Institutional Trading of iQIYI

A number of large investors have recently modified their holdings of the business. GF Fund Management CO. LTD. bought a new stake in shares of iQIYI during the 4th quarter valued at about $1,693,000. Public Employees Retirement System of Ohio boosted its position in shares of iQIYI by 924.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 314,600 shares of the company's stock valued at $632,000 after acquiring an additional 283,900 shares during the last quarter. Woodline Partners LP bought a new stake in shares of iQIYI during the 4th quarter valued at about $6,818,000. Vident Advisory LLC bought a new stake in shares of iQIYI during the 4th quarter valued at about $33,000. Finally, LMR Partners LLP bought a new stake in shares of iQIYI during the 4th quarter valued at about $237,000. Institutional investors own 52.69% of the company's stock.

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.