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

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

A number of analysts have weighed in on IQ shares. Citigroup reduced their price objective on shares of iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a research note on Thursday, January 16th. HSBC upgraded shares of iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price objective for the company in a report 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 research note on Wednesday, January 8th. Finally, Hsbc Global Res raised iQIYI from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Corient Private Wealth LLC lifted its stake in shares of iQIYI by 37.3% in the 4th quarter. Corient Private Wealth LLC now owns 28,138 shares of the company's stock worth $57,000 after purchasing an additional 7,645 shares during the period. IvyRock Asset Management HK Ltd raised its position in iQIYI by 20.0% in the fourth quarter. IvyRock Asset Management HK Ltd now owns 60,000 shares of the company's stock worth $121,000 after acquiring an additional 10,000 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of iQIYI during the 3rd quarter worth $32,000. SBI Securities Co. Ltd. bought a new stake in shares of iQIYI during the 4th quarter valued at $32,000. Finally, Vident Advisory LLC purchased a new stake in shares of iQIYI in the 4th quarter worth $33,000. 52.69% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

iQIYI Stock Down 4.6 %

Shares of iQIYI stock traded down $0.10 during midday trading on Monday, hitting $2.09. The company had a trading volume of 32,689,524 shares, compared to its average volume of 18,355,217. The company has a 50 day moving average of $2.28 and a 200 day moving average of $2.28. The stock has a market capitalization of $2.01 billion, a P/E ratio of 20.90, a P/E/G ratio of 4.13 and a beta of -0.18. iQIYI has a 52-week low of $1.82 and a 52-week high of $5.80. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.45 and a current ratio of 0.44.

iQIYI (NASDAQ:IQ - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. The firm had revenue of $919.56 million for the quarter, compared to analysts' expectations of $6.62 billion. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. On average, equities analysts predict that iQIYI will post 0.04 earnings per share 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.