iQIYI (NASDAQ:IQ) Given Hold Rating at Benchmark

Benchmark restated their hold rating on shares of iQIYI (NASDAQ:IQ) in a report released on Friday,Benzinga reports.

Several other analysts have also issued reports on IQ. The Goldman Sachs Group lowered iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 price target for the company. in a report on Tuesday, August 27th. Nomura Securities upgraded iQIYI to a “hold” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $3.15.

iQIYI Stock Performance

NASDAQ:IQ opened at $2.08 on Friday. The stock has a 50-day simple moving average of $2.47 and a two-hundred day simple moving average of $3.20. iQIYI has a 52-week low of $1.89 and a 52-week high of $5.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.45. The firm has a market capitalization of $2.00 billion, a PE ratio of 10.40, a P/E/G ratio of 0.53 and a beta of 0.08.

Institutional Investors Weigh In On iQIYI

Hedge funds have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of iQIYI in the second quarter worth about $31,000. Ground Swell Capital LLC purchased a new stake in iQIYI during the third quarter valued at approximately $32,000. Flow Traders U.S. LLC purchased a new stake in iQIYI during the third quarter valued at approximately $32,000. Seven Eight Capital LP purchased a new stake in iQIYI during the second quarter valued at approximately $42,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in iQIYI during the second quarter valued at approximately $46,000. 52.69% of the stock is currently owned by hedge funds and other institutional investors.

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.