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

Shares of iQIYI, Inc. (NASDAQ:IQ) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. One 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 1 year target price among analysts that have issued a report on the stock in the last year is $2.91.

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

iQIYI Trading Down 13.4 %

IQ opened at $1.81 on Monday. The business’s 50 day moving average price is $2.27 and its 200 day moving average price is $2.28. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.45 and a current ratio of 0.44. The stock has a market capitalization of $1.74 billion, a PE ratio of 18.10, a P/E/G ratio of 4.13 and a beta of -0.18. iQIYI has a one year low of $1.76 and a one year high of $5.80.

iQIYI (NASDAQ:IQ) last posted its 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 net margin of 2.62% and a return on equity of 7.62%. The company had revenue of $919.56 million for the quarter, compared to analysts’ expectations of $6.62 billion. As a group, equities research analysts expect that iQIYI will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. lifted its position in iQIYI by 4.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company’s stock worth $48,959,000 after acquiring an additional 1,114,390 shares during the period. Krane Funds Advisors LLC increased its stake in iQIYI by 82.1% in the 4th quarter. Krane Funds Advisors LLC now owns 21,763,769 shares of the company’s stock valued at $43,745,000 after purchasing an additional 9,809,187 shares in the last quarter. Vanguard Group Inc. raised its holdings in iQIYI by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 18,293,085 shares of the company’s stock worth $36,769,000 after purchasing an additional 502,154 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in iQIYI by 41.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company’s stock worth $22,135,000 after purchasing an additional 3,235,223 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of iQIYI by 78.2% during the 4th quarter. Barclays PLC now owns 3,745,666 shares of the company’s stock worth $7,529,000 after purchasing an additional 1,643,387 shares in the last quarter. Hedge funds and other 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.