iQIYI, Inc. (NASDAQ:IQ) Receives $6.54 Average Target Price from Analysts

Shares of iQIYI, Inc. (NASDAQ:IQ) have been given a consensus recommendation of “Hold” by the five ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $6.54.

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

iQIYI Stock Up 1.7 %

Shares of NASDAQ:IQ opened at $4.17 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $4.00 billion, a P/E ratio of 18.96 and a beta of 0.27. iQIYI has a 52-week low of $3.06 and a 52-week high of $7.29. The stock’s fifty day simple moving average is $3.91 and its 200-day simple moving average is $4.30.

iQIYI (NASDAQ:IQ) last announced its earnings results on Wednesday, February 28th. The company reported $0.08 earnings per share for the quarter, meeting 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 forecast that iQIYI will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of iQIYI

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of iQIYI by 92.1% during the 1st quarter. FMR LLC now owns 6,366 shares of the company’s stock valued at $46,000 after buying an additional 3,052 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in iQIYI during the third quarter valued at about $49,000. CIBC Asset Management Inc purchased a new stake in iQIYI during the fourth quarter valued at about $51,000. Mariner LLC acquired a new stake in iQIYI during the third quarter worth about $53,000. Finally, Ballentine Partners LLC purchased a new position in shares of iQIYI in the 4th quarter worth about $54,000. 52.69% of the stock is owned by institutional investors and hedge funds.

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.