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

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Get Free Report) have earned a consensus recommendation of "Hold" from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One research 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 1-year target price among brokerages that have covered the stock in the last year is $2.3875.

Separately, Wall Street Zen downgraded iQIYI from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th.

Institutional Investors Weigh In On iQIYI

Hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC purchased a new stake in iQIYI in the 1st quarter worth about $30,000. DRW Securities LLC purchased a new stake in iQIYI in the 1st quarter worth about $33,000. HighTower Advisors LLC raised its holdings in shares of iQIYI by 102.3% during the first quarter. HighTower Advisors LLC now owns 15,639 shares of the company's stock worth $35,000 after acquiring an additional 698,342 shares in the last quarter. Vident Advisory LLC purchased a new stake in shares of iQIYI during the fourth quarter worth $33,000. Finally, BTG Pactual Asset Management US LLC purchased a new stake in shares of iQIYI during the fourth quarter worth $37,000. 52.69% of the stock is owned by hedge funds and other institutional investors.

iQIYI Price Performance

Shares of IQ stock opened at $1.84 on Tuesday. The firm has a market cap of $1.77 billion, a P/E ratio of 46.01 and a beta of -0.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.46 and a quick ratio of 0.46. iQIYI has a 1-year low of $1.50 and a 1-year high of $3.37. The firm has a fifty day moving average of $1.79 and a two-hundred day moving average of $1.97.

iQIYI (NASDAQ:IQ - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The company reported $0.03 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 business had revenue of $988.19 million during the quarter, compared to analyst estimates of $7.10 billion. As a group, research analysts anticipate that iQIYI will post 0.04 earnings per share for the current fiscal year.

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.

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