iQIYI, Inc. (NASDAQ:IQ) Receives Consensus Recommendation of "Hold" from Analysts

Shares of iQIYI, Inc. (NASDAQ:IQ - Get Free Report) have earned a consensus rating of "Hold" from the four brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $6.18.

IQ has been the topic of several analyst reports. Benchmark reissued a "buy" rating and set a $9.00 price target on shares of iQIYI in a research report on Friday, May 17th. OTR Global reiterated a "mixed" rating on shares of iQIYI in a report on Thursday, April 4th.

iQIYI Trading Up 1.9 %

NASDAQ:IQ traded up $0.07 on Friday, reaching $3.67. The company's stock had a trading volume of 7,690,748 shares, compared to its average volume of 8,287,803. iQIYI has a 1-year low of $3.06 and a 1-year high of $6.47. The business's 50-day moving average price is $4.58 and its two-hundred day moving average price is $4.24. The firm has a market cap of $3.52 billion, a PE ratio of 13.11, a PEG ratio of 0.26 and a beta of 0.15. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.60 and a current ratio of 0.60.

iQIYI (NASDAQ:IQ - Get Free Report) last announced its earnings results on Thursday, May 16th. The company reported $0.10 EPS for the quarter, topping 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 net margin of 6.23% and a return on equity of 17.57%. Equities research analysts anticipate that iQIYI will post 0.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ballentine Partners LLC acquired a new stake in shares of iQIYI in the 4th quarter valued at $54,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of iQIYI during the 4th quarter worth $61,000. Tower Research Capital LLC TRC boosted its stake in iQIYI by 321.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,585 shares of the company's stock valued at $86,000 after buying an additional 13,417 shares in the last quarter. Jump Financial LLC bought a new position in iQIYI in the fourth quarter valued at about $114,000. Finally, DGS Capital Management LLC raised its stake in iQIYI by 111.1% during the fourth quarter. DGS Capital Management LLC now owns 26,517 shares of the company's stock worth $129,000 after acquiring an additional 13,958 shares in the last quarter. Institutional investors and hedge funds 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.