iQIYI’s (IQ) “Hold” Rating Reiterated at Benchmark

Benchmark reiterated their hold rating on shares of iQIYI (NASDAQ:IQ) in a research report report published on Friday morning,Benzinga reports.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group lowered iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 price objective on the stock. in a research note on Tuesday, August 27th. Nomura Securities raised iQIYI to a “hold” rating in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $3.15.

iQIYI Stock Performance

IQ opened at $1.95 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market cap of $1.87 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.55 and a beta of 0.08. The stock has a 50-day moving average of $2.47 and a 200-day moving average of $3.21. iQIYI has a 52-week low of $1.92 and a 52-week high of $5.80.

iQIYI (NASDAQ:IQ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.05). iQIYI had a net margin of 4.69% and a return on equity of 13.43%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business earned $0.05 EPS. As a group, equities research analysts forecast that iQIYI will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IQ. Sei Investments Co. increased its stake in iQIYI by 23.1% in the first quarter. Sei Investments Co. now owns 101,928 shares of the company’s stock valued at $431,000 after acquiring an additional 19,100 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of iQIYI by 62.5% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 130,248 shares of the company’s stock worth $554,000 after buying an additional 50,078 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of iQIYI by 32.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 466,189 shares of the company’s stock worth $1,973,000 after buying an additional 115,400 shares during the period. Natixis acquired a new stake in iQIYI in the 1st quarter valued at $536,000. Finally, Lazard Asset Management LLC boosted its stake in iQIYI by 206.5% in the 1st quarter. Lazard Asset Management LLC now owns 1,137,614 shares of the company’s stock valued at $4,812,000 after buying an additional 766,436 shares in the last quarter. 52.69% of the stock is currently owned by institutional investors and hedge funds.

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.