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

Shares of iQIYI, Inc. (NASDAQ:IQ) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to 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.

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

Institutional Trading of iQIYI

Institutional investors have recently modified their holdings of the business. Corient Private Wealth LLC grew its stake in iQIYI by 37.3% in the 4th quarter. Corient Private Wealth LLC now owns 28,138 shares of the company’s stock valued at $57,000 after buying an additional 7,645 shares in the last quarter. IvyRock Asset Management HK Ltd grew its position in shares of iQIYI by 20.0% in the fourth quarter. IvyRock Asset Management HK Ltd now owns 60,000 shares of the company’s stock valued at $121,000 after purchasing an additional 10,000 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of iQIYI during the 3rd quarter valued at $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 iQIYI during the 4th quarter worth about $33,000. 52.69% of the stock is currently owned by hedge funds and other institutional investors.

iQIYI Price Performance

iQIYI stock opened at $2.19 on Monday. iQIYI has a 52 week low of $1.82 and a 52 week high of $5.80. The company’s 50 day moving average price is $2.27 and its two-hundred day moving average price is $2.28. The stock has a market cap of $2.10 billion, a P/E ratio of 21.90, a P/E/G ratio of 4.13 and a beta of -0.18. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70.

iQIYI (NASDAQ:IQ) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $6.62 billion. On average, equities analysts predict that iQIYI will post 0.04 earnings per share for the current year.

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.