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

iQIYI, Inc. (NASDAQ:IQ) has received an average rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $6.54.

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

iQIYI Price Performance

Shares of IQ stock opened at $4.94 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.57 and a quick ratio of 0.57. The stock’s fifty day simple moving average is $4.33 and its 200 day simple moving average is $4.31. iQIYI has a one year low of $3.06 and a one year high of $6.47. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 22.43 and a beta of 0.23.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IQ. Headlands Technologies LLC acquired a new position in iQIYI during the 1st quarter valued at about $741,000. Sei Investments Co. lifted its holdings in iQIYI by 23.1% in the first quarter. Sei Investments Co. now owns 101,928 shares of the company’s stock valued at $431,000 after buying an additional 19,100 shares during the period. BNP Paribas Financial Markets boosted its stake in iQIYI by 3.4% in the first quarter. BNP Paribas Financial Markets now owns 910,057 shares of the company’s stock valued at $3,850,000 after acquiring an additional 30,044 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in iQIYI by 116.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 209,873 shares of the company’s stock worth $888,000 after acquiring an additional 112,748 shares during the period. Finally, Ballentine Partners LLC raised its position in shares of iQIYI by 65.0% during the 1st quarter. Ballentine Partners LLC now owns 18,317 shares of the company’s stock valued at $77,000 after acquiring an additional 7,219 shares during the last quarter. Institutional investors own 52.69% of the company’s stock.

About iQIYI

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.