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

iQIYI, Inc. (NASDAQ:IQGet Rating) has earned an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $4.31.

Several equities analysts have recently commented on the stock. Nomura lowered their price objective on shares of iQIYI from $3.90 to $2.60 in a research note on Thursday, November 24th. HSBC lowered their price target on iQIYI from $4.00 to $2.60 in a research report on Wednesday, November 23rd. JPMorgan Chase & Co. cut their price objective on iQIYI from $7.00 to $6.00 in a research report on Wednesday, December 7th. Citigroup decreased their target price on iQIYI from $6.50 to $4.00 and set a “buy” rating for the company in a report on Friday, October 14th. Finally, The Goldman Sachs Group lifted their price target on shares of iQIYI from $4.40 to $4.90 and gave the company a “neutral” rating in a report on Monday, January 9th.

iQIYI Price Performance

IQ opened at $5.69 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.37 and a quick ratio of 0.37. The stock’s 50 day simple moving average is $4.25 and its 200 day simple moving average is $3.59. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of -13.55 and a beta of 0.48. iQIYI has a 1 year low of $1.65 and a 1 year high of $7.10.

iQIYI (NASDAQ:IQGet Rating) last issued its earnings results on Tuesday, November 22nd. The company reported ($0.06) earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.10 billion. As a group, analysts predict that iQIYI will post -0.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. increased its position in iQIYI by 168.0% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 187,631 shares of the company’s stock valued at $833,000 after buying an additional 117,612 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iQIYI by 79.5% during the first quarter. Envestnet Asset Management Inc. now owns 59,542 shares of the company’s stock valued at $270,000 after acquiring an additional 26,363 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in iQIYI by 27.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 31,215 shares of the company’s stock worth $142,000 after purchasing an additional 6,676 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in iQIYI by 9.7% in the 1st quarter. Panagora Asset Management Inc. now owns 79,898 shares of the company’s stock worth $363,000 after purchasing an additional 7,049 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in iQIYI by 18.6% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 141,000 shares of the company’s stock valued at $640,000 after purchasing an additional 22,100 shares during the last quarter. 31.44% of the stock is currently owned by institutional investors.

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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