Brokerages Set iQIYI, Inc. (NASDAQ:IQ) PT at $2.91

Shares of iQIYI, Inc. (NASDAQ:IQ - Get Free Report) have received a consensus rating of "Hold" from the eight brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $2.91.

Separately, Benchmark reissued a "hold" rating on shares of iQIYI in a research report on Wednesday, February 19th.

iQIYI Stock Performance

Shares of IQ stock traded up $0.01 during trading hours on Thursday, reaching $1.68. The company had a trading volume of 16,326,409 shares, compared to its average volume of 33,044,938. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.45 and a current ratio of 0.44. The business has a fifty day moving average price of $1.90 and a 200-day moving average price of $2.07. iQIYI has a one year low of $1.50 and a one year high of $4.82. The firm has a market cap of $1.61 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 4.13 and a beta of -0.14.

iQIYI (NASDAQ:IQ - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The company had revenue of $988.19 million for the quarter, compared to analysts' expectations of $7.10 billion. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. Sell-side analysts predict that iQIYI will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of iQIYI

Hedge funds have recently bought and sold shares of the stock. Krane Funds Advisors LLC raised its stake in iQIYI by 82.1% during the 4th quarter. Krane Funds Advisors LLC now owns 21,763,769 shares of the company's stock worth $43,745,000 after acquiring an additional 9,809,187 shares during the period. Woodline Partners LP bought a new stake in shares of iQIYI during the 4th quarter valued at $6,818,000. Dimensional Fund Advisors LP lifted its stake in shares of iQIYI by 41.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company's stock valued at $22,135,000 after buying an additional 3,235,223 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in iQIYI in the 4th quarter worth $6,297,000. Finally, Federated Hermes Inc. boosted its holdings in iQIYI by 44.5% in the 1st quarter. Federated Hermes Inc. now owns 9,370,852 shares of the company's stock worth $21,178,000 after buying an additional 2,886,631 shares during the period. Institutional investors own 52.69% of the company's stock.

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.