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

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Get Free Report) have been assigned an average recommendation of "Hold" from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $2.91.

Separately, Wall Street Zen lowered iQIYI from a "hold" rating to a "sell" rating in a research report on Friday, May 30th.

iQIYI Stock Performance

Shares of NASDAQ IQ traded down $0.04 during trading hours on Friday, reaching $1.79. 21,703,729 shares of the stock were exchanged, compared to its average volume of 23,571,483. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 44.76 and a beta of -0.17. 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 has a 52 week low of $1.50 and a 52 week high of $3.92. The stock's fifty day simple moving average is $1.78 and its 200 day simple moving average is $1.97.

iQIYI (NASDAQ:IQ - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $988.19 million for the quarter, compared to analyst estimates of $7.10 billion. iQIYI had a return on equity of 3.62% and a net margin of 1.02%. Sell-side analysts predict that iQIYI will post 0.04 EPS for the current year.

Institutional Trading of iQIYI

Large investors have recently modified their holdings of the company. Private Advisor Group LLC bought a new position in iQIYI in the first quarter worth approximately $30,000. DRW Securities LLC acquired a new position in shares of iQIYI during the first quarter worth $33,000. HighTower Advisors LLC increased its position 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 purchasing an additional 698,342 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of iQIYI during the fourth quarter worth $32,000. Finally, Vident Advisory LLC acquired a new position in shares of iQIYI during the fourth quarter worth $33,000. 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.