iQIYI, Inc. (NASDAQ:IQ) Receives $2.91 Consensus PT from Brokerages

iQIYI, Inc. (NASDAQ:IQ) has been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $2.91.

A number of research analysts recently commented on IQ shares. JPMorgan Chase & Co. dropped their price target on iQIYI from $2.50 to $1.80 and set a “neutral” rating for the company in a research note on Friday, November 22nd. Benchmark reaffirmed a “hold” rating on shares of iQIYI in a research note on Wednesday, February 19th. OTR Global reaffirmed a “negative” rating on shares of iQIYI in a research note on Wednesday, January 8th. HSBC raised iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price target for the company in a research note on Thursday, January 16th. Finally, Hsbc Global Res raised iQIYI from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. GF Fund Management CO. LTD. purchased a new stake in shares of iQIYI in the 4th quarter valued at about $1,693,000. Public Employees Retirement System of Ohio grew its position in iQIYI by 924.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 314,600 shares of the company’s stock worth $632,000 after acquiring an additional 283,900 shares during the last quarter. Woodline Partners LP bought a new position in iQIYI during the 4th quarter worth approximately $6,818,000. Vident Advisory LLC bought a new position in iQIYI during the 4th quarter worth approximately $33,000. Finally, LMR Partners LLP bought a new position in iQIYI during the 4th quarter worth approximately $237,000. Institutional investors own 52.69% of the company’s stock.

iQIYI Price Performance

Shares of IQ opened at $2.26 on Thursday. The stock has a market capitalization of $2.17 billion, a P/E ratio of 22.60, a P/E/G ratio of 4.13 and a beta of 0.05. iQIYI has a twelve month low of $1.82 and a twelve month high of $5.80. The company has a 50 day moving average of $2.15 and a 200-day moving average of $2.26. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70.

iQIYI (NASDAQ:IQ) last released its earnings results on Tuesday, February 18th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. The business had revenue of $919.56 million during the quarter, compared to analysts’ expectations of $6.62 billion. As a group, equities research analysts forecast that iQIYI will post 0.04 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.