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

Shares of iQIYI, Inc. (NASDAQ:IQ) have been assigned an average rating of “Hold” from the five analysts that are currently covering the company, 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 12 month price objective among brokers that have covered the stock in the last year is $6.54.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Ballentine Partners LLC lifted 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 period. Nomura Holdings Inc. lifted its position in shares of iQIYI by 67.7% during the 4th quarter. Nomura Holdings Inc. now owns 210,773 shares of the company’s stock valued at $1,029,000 after acquiring an additional 85,052 shares during the period. Vanguard Group Inc. lifted its position in shares of iQIYI by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,756,701 shares of the company’s stock valued at $86,653,000 after acquiring an additional 170,227 shares during the period. Krane Funds Advisors LLC lifted its position in shares of iQIYI by 2.5% during the 4th quarter. Krane Funds Advisors LLC now owns 19,194,425 shares of the company’s stock valued at $93,669,000 after acquiring an additional 467,032 shares during the period. Finally, FIL Ltd lifted its position in shares of iQIYI by 7.1% during the 4th quarter. FIL Ltd now owns 30,204,875 shares of the company’s stock valued at $147,400,000 after acquiring an additional 1,993,449 shares during the period. Institutional investors and hedge funds own 52.69% of the company’s stock.

iQIYI Price Performance

Shares of NASDAQ:IQ opened at $4.09 on Monday. The firm has a 50 day moving average of $3.94 and a 200-day moving average of $4.30. The stock has a market capitalization of $3.92 billion, a PE ratio of 18.68 and a beta of 0.27. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.68. iQIYI has a 12 month low of $3.06 and a 12 month high of $6.99.

iQIYI (NASDAQ:IQ) last issued its earnings results on Wednesday, February 28th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. On average, equities research analysts predict that iQIYI will post 0.38 EPS for the current fiscal 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.