Analysts Set iQIYI, Inc. (NASDAQ:IQ) Price Target at $6.54

iQIYI, Inc. (NASDAQ:IQ) has been given a consensus rating of “Hold” by the five analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $6.54.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IQ. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of iQIYI by 168.0% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 187,631 shares of the company’s stock worth $833,000 after purchasing an additional 117,612 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in iQIYI by 79.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 59,542 shares of the company’s stock worth $270,000 after buying an additional 26,363 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in iQIYI by 27.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 31,215 shares of the company’s stock valued at $142,000 after buying an additional 6,676 shares during the period. Panagora Asset Management Inc. boosted its position in iQIYI by 9.7% in the 1st quarter. Panagora Asset Management Inc. now owns 79,898 shares of the company’s stock valued at $363,000 after buying an additional 7,049 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of iQIYI by 18.6% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 141,000 shares of the company’s stock worth $640,000 after acquiring an additional 22,100 shares in the last quarter. 52.69% of the stock is currently owned by hedge funds and other institutional investors.

iQIYI Price Performance

iQIYI stock opened at $4.17 on Monday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 18.96 and a beta of 0.27. The company’s fifty day moving average price is $3.91 and its 200 day moving average price is $4.30. 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 1 year low of $3.06 and a 1 year high of $7.29.

iQIYI (NASDAQ:IQ) last released its quarterly 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 firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. As a group, equities research analysts anticipate that iQIYI will post 0.38 earnings per share 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.