iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Given Average Recommendation of "Hold" by Brokerages

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Get Free Report) have been assigned a consensus rating of "Hold" from the eight analysts that are covering the company, Marketbeat Ratings reports. One 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. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $2.91.

Several brokerages have weighed in on IQ. Wall Street Zen downgraded iQIYI from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Benchmark reiterated a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th.

iQIYI Stock Down 2.3%

iQIYI stock traded down $0.04 during midday trading on Monday, hitting $1.73. 9,453,269 shares of the company's stock were exchanged, compared to its average volume of 22,948,543. iQIYI has a 12 month low of $1.50 and a 12 month high of $4.24. The firm has a 50-day moving average of $1.78 and a two-hundred day moving average of $2.03. The company has a market cap of $1.67 billion, a PE ratio of 43.26 and a beta of -0.18. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.46 and a current ratio of 0.46.

iQIYI (NASDAQ:IQ - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). iQIYI had a return on equity of 3.62% and a net margin of 1.02%. The firm had revenue of $988.19 million during the quarter, compared to analysts' expectations of $7.10 billion. As a group, analysts expect that iQIYI will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On iQIYI

Several hedge funds and other institutional investors have recently made changes to their positions in IQ. Private Advisor Group LLC acquired a new position in iQIYI during the 1st quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in iQIYI during the 4th quarter worth $32,000. Vident Advisory LLC acquired a new position in iQIYI during the fourth quarter worth approximately $33,000. DRW Securities LLC purchased a new position in shares of iQIYI during the first quarter worth approximately $33,000. Finally, PDS Planning Inc purchased a new stake in shares of iQIYI in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 52.69% of the company's stock.

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.