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

Shares of iQIYI, Inc. (NASDAQ:IQGet Rating) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $4.31.

A number of analysts have recently issued reports on IQ shares. JPMorgan Chase & Co. cut their target price on shares of iQIYI from $7.00 to $6.00 in a research note on Wednesday, December 7th. Morgan Stanley upgraded iQIYI from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $2.80 to $5.10 in a research note on Wednesday. HSBC reduced their price target on iQIYI from $4.00 to $2.60 in a research note on Wednesday, November 23rd. Citigroup lowered their price objective on iQIYI from $6.50 to $4.00 and set a “buy” rating on the stock in a research report on Friday, October 14th. Finally, The Goldman Sachs Group boosted their target price on shares of iQIYI from $4.40 to $4.90 and gave the company a “neutral” rating in a research report on Monday, January 9th.

Institutional Investors Weigh In On iQIYI

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec grew its holdings in iQIYI by 105.7% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 129,617 shares of the company’s stock worth $544,000 after acquiring an additional 66,600 shares during the last quarter. TORQ CAPITAL MANAGEMENT HK Ltd bought a new stake in shares of iQIYI in the second quarter worth $5,040,000. Mackenzie Financial Corp increased its holdings in iQIYI by 52.7% in the second quarter. Mackenzie Financial Corp now owns 57,906 shares of the company’s stock valued at $243,000 after purchasing an additional 19,987 shares during the period. Aviva PLC raised its position in iQIYI by 34.3% during the 2nd quarter. Aviva PLC now owns 173,300 shares of the company’s stock worth $728,000 after purchasing an additional 44,300 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in iQIYI by 33.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,965,510 shares of the company’s stock worth $46,055,000 after buying an additional 2,731,725 shares during the period. Institutional investors own 31.44% of the company’s stock.

iQIYI Stock Up 4.6 %

Shares of IQ stock opened at $5.69 on Friday. iQIYI has a 12-month low of $1.65 and a 12-month high of $7.10. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 1.17. The firm has a fifty day moving average of $4.25 and a 200-day moving average of $3.59. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of -13.55 and a beta of 0.48.

iQIYI (NASDAQ:IQGet Rating) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04). iQIYI had a negative return on equity of 28.47% and a negative net margin of 7.78%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. As a group, equities research analysts predict that iQIYI will post -0.02 earnings per share for the current fiscal year.

iQIYI Company Profile

(Get Rating)

iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in the People's Republic of China. The company offers various products and services comprising internet video, online games, live broadcasting, online literature, animations, e-commerce, and social media platform.

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Analyst Recommendations for iQIYI (NASDAQ:IQ)

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