iQIYI, Inc. (NASDAQ:IQ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

iQIYI, Inc. (NASDAQ:IQ) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.54.

iQIYI Trading Down 0.2 %

NASDAQ IQ opened at $4.03 on Thursday. iQIYI has a twelve month low of $3.06 and a twelve month high of $7.44. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 18.32 and a beta of 0.25. The firm’s 50 day moving average price is $3.69 and its two-hundred day moving average price is $4.34.

iQIYI (NASDAQ:IQ) last issued its earnings results on Wednesday, February 28th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. Equities analysts anticipate that iQIYI will post 0.38 EPS for the current year.

Institutional Investors Weigh In On iQIYI

Several institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its stake in shares of iQIYI by 12.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 24,589 shares of the company’s stock valued at $131,000 after purchasing an additional 2,712 shares during the last quarter. FMR LLC lifted its position in iQIYI by 92.1% during the 1st quarter. FMR LLC now owns 6,366 shares of the company’s stock worth $46,000 after acquiring an additional 3,052 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in iQIYI by 5.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 65,324 shares of the company’s stock worth $310,000 after acquiring an additional 3,632 shares during the last quarter. Sei Investments Co. lifted its position in iQIYI by 4.9% during the 4th quarter. Sei Investments Co. now owns 82,828 shares of the company’s stock worth $404,000 after acquiring an additional 3,832 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in iQIYI by 32.1% during the 4th quarter. Wells Fargo & Company MN now owns 16,568 shares of the company’s stock worth $88,000 after acquiring an additional 4,025 shares during the last quarter. 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.