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

Key Points

• iQIYI, Inc. has received an average analyst rating of "Hold", with one sell, six hold, and one buy rating among eight analysts.
• The company's stock closed at $1.85, with a market cap of $1.78 billion and a P/E ratio of 46.26.
• iQIYI reported earnings of $0.03 per share, missing expectations, and had revenue of $988.19 million for the latest quarter.

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Get Free Report) have been given a consensus recommendation of "Hold" by the eight ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $2.3875.

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

iQIYI Stock Performance

iQIYI stock traded down $0.02 during trading hours on Tuesday, reaching $1.84. 5,555,880 shares of the stock were exchanged, compared to its average volume of 28,333,127. iQIYI has a 52-week low of $1.50 and a 52-week high of $3.37. The stock has a market cap of $1.77 billion, a P/E ratio of 45.89 and a beta of -0.14. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.46 and a current ratio of 0.46. The firm's 50 day moving average is $1.81 and its 200 day moving average is $1.97.

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

Hedge Funds Weigh In On iQIYI

Hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in shares of iQIYI in the first quarter worth $30,000. DRW Securities LLC bought a new position in shares of iQIYI in the first quarter worth about $33,000. HighTower Advisors LLC lifted its position in shares of iQIYI by 102.3% during the 1st quarter. HighTower Advisors LLC now owns 15,639 shares of the company's stock worth $35,000 after purchasing an additional 698,342 shares during the last quarter. Vident Advisory LLC bought a new position in iQIYI in the 4th quarter worth approximately $33,000. Finally, BTG Pactual Asset Management US LLC bought a new stake in shares of iQIYI in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds 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.