iQIYI’s (IQ) Hold Rating Reaffirmed at Benchmark

Benchmark reaffirmed their hold rating on shares of iQIYI (NASDAQ:IQ) in a research note released on Wednesday,Benzinga reports.

Several other analysts also recently issued reports on IQ. Hsbc Global Res raised shares of iQIYI from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 16th. HSBC raised iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price target for the company in a research note on Thursday, January 16th. OTR Global reaffirmed a “negative” rating on shares of iQIYI in a research report on Wednesday, January 8th. Citigroup lowered their target price on shares of iQIYI from $3.00 to $2.80 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of iQIYI from $2.50 to $1.80 and set a “neutral” rating on the stock in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.91.

iQIYI Stock Up 4.5 %

Shares of NASDAQ IQ opened at $2.42 on Wednesday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 4.10 and a beta of 0.03. iQIYI has a 12-month low of $1.82 and a 12-month high of $5.80. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average price is $2.13 and its 200-day moving average price is $2.35.

iQIYI (NASDAQ:IQ) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The business had revenue of $919.56 million during the quarter, compared to analyst estimates of $6.62 billion. iQIYI had a return on equity of 13.26% and a net margin of 4.69%. On average, equities research analysts anticipate that iQIYI will post 0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On iQIYI

Several large investors have recently modified their holdings of IQ. GF Fund Management CO. LTD. purchased a new position in shares of iQIYI in the 4th quarter valued at $1,693,000. Public Employees Retirement System of Ohio grew its stake in iQIYI by 924.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 314,600 shares of the company’s stock valued at $632,000 after purchasing an additional 283,900 shares during the last quarter. Woodline Partners LP bought a new position in iQIYI in the fourth quarter worth about $6,818,000. Vident Advisory LLC purchased a new stake in shares of iQIYI during the fourth quarter valued at about $33,000. Finally, LMR Partners LLP purchased a new stake in shares of iQIYI during the fourth quarter valued at about $237,000. 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.