iQIYI (NASDAQ:IQ) Given Hold Rating at Benchmark

Benchmark reissued their hold rating on shares of iQIYI (NASDAQ:IQ) in a report published on Friday,Benzinga reports.

A number of other brokerages have also recently issued reports on IQ. JPMorgan Chase & Co. cut their target price on shares of iQIYI from $2.50 to $1.80 and set a “neutral” rating on the stock in a report on Friday, November 22nd. HSBC upgraded shares of iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price objective on the stock in a research note on Thursday, January 16th. Hsbc Global Res raised iQIYI from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 16th. Citigroup dropped their target price on iQIYI from $3.00 to $2.80 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, OTR Global reissued a “negative” rating on shares of iQIYI in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.91.

iQIYI Stock Up 11.5 %

Shares of iQIYI stock opened at $2.23 on Friday. The business has a 50-day moving average of $2.08 and a 200-day moving average of $2.48. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.45 and a quick ratio of 0.45. The company has a market capitalization of $2.14 billion, a PE ratio of 11.15, a P/E/G ratio of 3.15 and a beta of 0.02. iQIYI has a 1-year low of $1.82 and a 1-year high of $5.80.

iQIYI (NASDAQ:IQ) last issued its quarterly earnings results on Thursday, November 21st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. iQIYI had a net margin of 4.69% and a return on equity of 13.26%. During the same quarter in the previous year, the business earned $0.07 EPS. As a group, equities analysts forecast that iQIYI will post 0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On iQIYI

Institutional investors and hedge funds have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. boosted its holdings in iQIYI by 4.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company’s stock worth $48,959,000 after purchasing an additional 1,114,390 shares in the last quarter. Genesis Investment Management LLP boosted its holdings in iQIYI by 112.1% during the third quarter. Genesis Investment Management LLP now owns 16,582,183 shares of the company’s stock valued at $47,425,000 after acquiring an additional 8,765,711 shares during the period. Dimensional Fund Advisors LP boosted its holdings in iQIYI by 13.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,846,420 shares of the company’s stock valued at $21,443,000 after acquiring an additional 694,349 shares during the period. Quarry LP bought a new stake in iQIYI during the second quarter valued at about $18,075,000. Finally, Geode Capital Management LLC boosted its holdings in iQIYI by 3.6% during the third quarter. Geode Capital Management LLC now owns 3,259,673 shares of the company’s stock valued at $9,256,000 after acquiring an additional 112,709 shares during the period. 52.69% of the stock is currently owned by hedge funds and other institutional investors.

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.