Analysts Set iQIYI, Inc. (NASDAQ:IQ) Price Target at $2.91

iQIYI, Inc. (NASDAQ:IQ - Get Free Report) has been given an average rating of "Hold" by the eight research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $2.91.

A number of research firms recently commented on IQ. OTR Global reaffirmed a "negative" rating on shares of iQIYI in a research note on Wednesday, January 8th. Citigroup dropped their price target on shares of iQIYI from $3.00 to $2.80 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Hsbc Global Res upgraded shares of iQIYI from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 16th. HSBC upgraded shares of iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 target price on the stock in a report on Thursday, January 16th. Finally, Benchmark reiterated a "hold" rating on shares of iQIYI in a report on Wednesday, February 19th.

iQIYI Price Performance

iQIYI stock traded down $0.04 during mid-day trading on Friday, reaching $1.84. 19,175,096 shares of the company were exchanged, compared to its average volume of 21,752,717. The company has a fifty day simple moving average of $2.04 and a 200-day simple moving average of $2.16. The firm has a market cap of $1.77 billion, a PE ratio of 18.40, a PEG ratio of 4.13 and a beta of -0.18. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.45. iQIYI has a 12 month low of $1.50 and a 12 month high of $5.80.

iQIYI (NASDAQ:IQ - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. The business had revenue of $919.56 million during the quarter, compared to the consensus estimate of $6.62 billion. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. As a group, equities research analysts expect that iQIYI will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. HighTower Advisors LLC lifted its position in iQIYI by 102.9% in the 3rd quarter. HighTower Advisors LLC now owns 19,840 shares of the company's stock valued at $56,000 after acquiring an additional 701,901 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 112,709 shares in the last quarter. Virtu Financial LLC purchased a new stake in iQIYI in the 3rd quarter valued at about $282,000. Tidal Investments LLC bought a new stake in iQIYI during the third quarter worth $164,000. Finally, Franklin Resources Inc. boosted its holdings in shares of iQIYI by 16.0% in the 3rd quarter. Franklin Resources Inc. now owns 173,386 shares of the company's stock worth $496,000 after buying an additional 23,926 shares during the last quarter. 52.69% of the stock is owned by institutional investors.

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.