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

Shares of iQIYI, Inc. (NASDAQ:IQ) have been assigned an average rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.54.

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

Hedge Funds Weigh In On iQIYI

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in iQIYI by 92.1% in the 1st quarter. FMR LLC now owns 6,366 shares of the company’s stock valued at $46,000 after acquiring an additional 3,052 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in iQIYI during the 3rd quarter worth approximately $49,000. CIBC Asset Management Inc acquired a new position in iQIYI during the 4th quarter worth approximately $51,000. Mariner LLC acquired a new position in iQIYI during the 3rd quarter worth approximately $53,000. Finally, Ballentine Partners LLC acquired a new position in iQIYI during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 52.69% of the company’s stock.

iQIYI Stock Down 2.6 %

IQ opened at $4.09 on Monday. The business’s 50-day simple moving average is $3.94 and its 200-day simple moving average is $4.30. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.57 and a current ratio of 0.57. iQIYI has a one year low of $3.06 and a one year high of $6.99. The stock has a market capitalization of $3.92 billion, a P/E ratio of 18.68 and a beta of 0.27.

iQIYI (NASDAQ:IQ) last posted its earnings results on Wednesday, February 28th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. iQIYI had a return on equity of 13.56% and a net margin of 4.76%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Analysts anticipate that iQIYI will post 0.38 EPS for the current year.

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.