Brokerages Set iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Price Target at $2.91

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Get Free Report) have received a consensus recommendation of "Hold" from the eight analysts that are presently covering the company, Marketbeat reports. One 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 12-month price objective among analysts that have updated their coverage on the stock in the last year is $2.91.

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

iQIYI Price Performance

Shares of NASDAQ IQ remained flat at $1.83 during trading on Friday. The stock had a trading volume of 10,669,932 shares, compared to its average volume of 15,244,352. iQIYI has a 52-week low of $1.50 and a 52-week high of $4.22. 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 business's 50-day moving average is $1.78 and its 200-day moving average is $1.98. The stock has a market cap of $1.76 billion, a PE ratio of 26.14 and a beta of -0.17.

iQIYI (NASDAQ:IQ - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $988.19 million for the quarter, compared to the consensus estimate of $7.10 billion. iQIYI had a net margin of 1.02% and a return on equity of 3.62%. On average, analysts anticipate that iQIYI will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Krane Funds Advisors LLC raised its position in shares of iQIYI by 23.6% during the 1st quarter. Krane Funds Advisors LLC now owns 26,905,091 shares of the company's stock valued at $60,806,000 after purchasing an additional 5,141,322 shares during the period. Vanguard Group Inc. increased its stake in iQIYI by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 18,956,694 shares of the company's stock worth $42,842,000 after buying an additional 663,609 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in iQIYI by 41.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company's stock valued at $22,135,000 after acquiring an additional 3,235,223 shares during the period. Federated Hermes Inc. lifted its position in shares of iQIYI by 44.5% in the first quarter. Federated Hermes Inc. now owns 9,370,852 shares of the company's stock valued at $21,178,000 after acquiring an additional 2,886,631 shares in the last quarter. Finally, Barclays PLC grew its position in shares of iQIYI by 78.2% during the fourth quarter. Barclays PLC now owns 3,745,666 shares of the company's stock worth $7,529,000 after purchasing an additional 1,643,387 shares in the last quarter. Hedge funds and other 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.