IQIYI Inc (NASDAQ:IQ) has earned a consensus recommendation of “Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $29.80.

Several analysts have recently commented on the company. Zacks Investment Research lowered IQIYI from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. HSBC decreased their price objective on IQIYI from $25.00 to $24.00 and set a “hold” rating for the company in a report on Tuesday, April 2nd. ValuEngine lowered IQIYI from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Tigress Financial assumed coverage on IQIYI in a report on Friday, March 15th. They set a “buy” rating for the company. Finally, New Street Research upgraded IQIYI from a “neutral” rating to a “buy” rating in a report on Friday, February 22nd.

Hedge funds have recently bought and sold shares of the company. Hillhouse Capital Management Ltd. lifted its stake in IQIYI by 1,633.8% in the 4th quarter. Hillhouse Capital Management Ltd. now owns 34,313,024 shares of the company’s stock valued at $510,235,000 after buying an additional 32,333,917 shares in the last quarter. BlackRock Inc. lifted its stake in IQIYI by 2,552.1% in the 1st quarter. BlackRock Inc. now owns 6,059,899 shares of the company’s stock worth $144,952,000 after purchasing an additional 5,831,403 shares in the last quarter. Morgan Stanley lifted its stake in IQIYI by 780.6% in the 3rd quarter. Morgan Stanley now owns 4,272,978 shares of the company’s stock worth $115,670,000 after purchasing an additional 3,787,741 shares in the last quarter. Vanguard Group Inc lifted its stake in IQIYI by 226.6% in the 3rd quarter. Vanguard Group Inc now owns 4,035,708 shares of the company’s stock worth $109,247,000 after purchasing an additional 2,800,016 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in IQIYI by 226.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,035,708 shares of the company’s stock worth $109,247,000 after purchasing an additional 2,800,016 shares in the last quarter. 16.46% of the stock is currently owned by institutional investors and hedge funds.

IQIYI stock opened at $20.32 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30. The firm has a market cap of $14.48 billion, a price-to-earnings ratio of -8.23 and a beta of 3.24. IQIYI has a twelve month low of $14.35 and a twelve month high of $46.23.

IQIYI (NASDAQ:IQ) last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.69 EPS for the quarter, beating the consensus estimate of ($0.69) by $1.38. IQIYI had a negative return on equity of 74.57% and a negative net margin of 36.00%. The firm had revenue of $7 billion during the quarter, compared to analyst estimates of $6.66 billion. The company’s quarterly revenue was up 45.3% on a year-over-year basis. Analysts anticipate that IQIYI will post -1.36 earnings per share for the current fiscal year.

About IQIYI

iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.

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Analyst Recommendations for IQIYI (NASDAQ:IQ)

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