iQIYI, Inc. (NASDAQ:IQ) Receives Average Rating of “Hold” from Analysts

iQIYI, Inc. (NASDAQ:IQ) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One investment 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 analysts that have issued ratings on the stock in the last year is $2.91.

A number of research analysts have issued reports on the company. HSBC upgraded iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price target for the company in a research report on Thursday. Hsbc Global Res upgraded shares of iQIYI from a “moderate sell” rating to a “hold” rating in a research report on Thursday. Citigroup lowered their target price on shares of iQIYI from $3.00 to $2.80 and set a “buy” rating on the stock in a research note on Thursday. Benchmark reaffirmed a “hold” rating on shares of iQIYI in a research note on Friday, November 22nd. Finally, OTR Global reiterated a “negative” rating on shares of iQIYI in a research note on Wednesday, January 8th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IQ. Skandinaviska Enskilda Banken AB publ purchased a new stake in iQIYI during the second quarter valued at about $31,000. Flow Traders U.S. LLC acquired a new stake in shares of iQIYI during the third quarter valued at approximately $32,000. Ground Swell Capital LLC purchased a new stake in shares of iQIYI in the 3rd quarter valued at approximately $32,000. Seven Eight Capital LP acquired a new position in iQIYI in the 2nd quarter worth approximately $42,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in iQIYI during the 2nd quarter worth approximately $46,000. Institutional investors own 52.69% of the company’s stock.

iQIYI Stock Performance

Shares of NASDAQ IQ opened at $1.94 on Wednesday. iQIYI has a 12-month low of $1.82 and a 12-month high of $5.80. The company has a market cap of $1.86 billion, a PE ratio of 9.70, a P/E/G ratio of 1.99 and a beta of 0.02. The stock has a 50 day simple moving average of $2.10 and a 200-day simple moving average of $2.55. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65.

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.