iQIYI, Inc. (NASDAQ:IQ) Given Consensus Recommendation of “Hold” by Analysts

iQIYI, Inc. (NASDAQ:IQ) has earned an average recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $6.54.

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

Hedge Funds Weigh In On iQIYI

Institutional investors have recently modified their holdings of the company. FMR LLC increased its position in shares of iQIYI by 92.1% during the 1st quarter. FMR LLC now owns 6,366 shares of the company’s stock valued at $46,000 after purchasing an additional 3,052 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of iQIYI during the 3rd quarter valued at about $49,000. CIBC Asset Management Inc bought a new position in shares of iQIYI during the 4th quarter valued at about $51,000. Castleview Partners LLC bought a new position in shares of iQIYI during the 1st quarter valued at about $80,000. Finally, Ballentine Partners LLC bought a new position in shares of iQIYI during the 4th quarter valued at about $54,000. 52.69% of the stock is currently owned by institutional investors.

iQIYI Stock Performance

Shares of IQ opened at $4.12 on Monday. The stock’s 50-day simple moving average is $3.88 and its 200 day simple moving average is $4.31. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 18.73 and a beta of 0.27. 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 52-week low of $3.06 and a 52-week high of $7.36.

iQIYI (NASDAQ:IQ) last announced its earnings results on Wednesday, February 28th. The company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates 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 return on equity of 13.56% and a net margin of 4.76%. Research analysts forecast that iQIYI will post 0.38 EPS for the current fiscal year.

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.