iQIYI, Inc. (NASDAQ:IQ) Receives Average Recommendation of “Hold” from Analysts

iQIYI, Inc. (NASDAQ:IQ) has been assigned an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $6.54.

Separately, OTR Global reiterated a “mixed” rating on shares of iQIYI in a research note on Thursday, April 4th.

iQIYI Trading Up 0.5 %

Shares of IQ opened at $4.94 on Friday. The stock has a 50 day simple moving average of $4.33 and a 200-day simple moving average of $4.31. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.68. iQIYI has a 1 year low of $3.06 and a 1 year high of $6.47. The stock has a market cap of $4.73 billion, a PE ratio of 22.43 and a beta of 0.23.

iQIYI (NASDAQ:IQ) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. On average, sell-side analysts predict that iQIYI will post 0.38 EPS for the current fiscal year.

Institutional Trading of iQIYI

Institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in iQIYI during the fourth quarter valued at $49,853,000. Federated Hermes Inc. raised its stake in shares of iQIYI by 147.8% during the third quarter. Federated Hermes Inc. now owns 10,603,420 shares of the company’s stock worth $50,260,000 after acquiring an additional 6,324,876 shares in the last quarter. Maple Rock Capital Partners Inc. bought a new position in shares of iQIYI during the 3rd quarter valued at $19,434,000. SCEP Management Ltd grew its stake in shares of iQIYI by 22.3% during the third quarter. SCEP Management Ltd now owns 15,000,000 shares of the company’s stock valued at $71,100,000 after buying an additional 2,731,681 shares during the last quarter. Finally, Krane Funds Advisors LLC boosted its holdings in iQIYI by 14.6% during the 3rd quarter. Krane Funds Advisors LLC now owns 18,727,393 shares of the company’s stock valued at $88,768,000 after acquiring an additional 2,391,948 shares during the period. 52.69% of the stock is currently owned by hedge funds and other institutional investors.

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.