iQIYI, Inc. (NASDAQ:IQ) Receives $6.18 Consensus PT from Brokerages

Shares of iQIYI, Inc. (NASDAQ:IQ) have been given an average rating of “Hold” by the four brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $6.18.

A number of research firms have issued reports on IQ. OTR Global reiterated a “mixed” rating on shares of iQIYI in a research note on Thursday, April 4th. Benchmark reaffirmed a “buy” rating and issued a $9.00 price objective on shares of iQIYI in a research note on Friday, May 17th.

Institutional Investors Weigh In On iQIYI

Several institutional investors and hedge funds have recently bought and sold shares of the business. Krane Funds Advisors LLC grew its stake in shares of iQIYI by 2.5% in the 4th quarter. Krane Funds Advisors LLC now owns 19,194,425 shares of the company’s stock valued at $93,669,000 after purchasing an additional 467,032 shares during the period. Vanguard Group Inc. grew its position in iQIYI by 1.0% in the fourth 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. SCEP Management Ltd grew its position in iQIYI by 22.3% in the third quarter. SCEP Management Ltd now owns 15,000,000 shares of the company’s stock valued at $71,100,000 after acquiring an additional 2,731,681 shares during the period. Federated Hermes Inc. raised its stake in iQIYI by 14.6% during the fourth quarter. Federated Hermes Inc. now owns 12,153,225 shares of the company’s stock worth $59,308,000 after acquiring an additional 1,549,805 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. lifted its holdings in shares of iQIYI by 65.4% during the first quarter. Maple Rock Capital Partners Inc. now owns 10,320,000 shares of the company’s stock valued at $43,654,000 after acquiring an additional 4,080,000 shares during the period. Institutional investors own 52.69% of the company’s stock.

iQIYI Stock Performance

Shares of IQ stock opened at $3.58 on Friday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 0.27 and a beta of 0.08. iQIYI has a 1-year low of $3.06 and a 1-year high of $6.47. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $4.56 and its 200-day simple moving average is $4.23.

iQIYI (NASDAQ:IQ) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. iQIYI had a net margin of 6.23% and a return on equity of 17.57%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. On average, sell-side analysts predict 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.