Brokerages Set iQIYI, Inc. (NASDAQ:IQ) PT at $6.18

iQIYI, Inc. (NASDAQ:IQ) has earned an average rating of “Hold” from the four brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $6.18.

IQ has been the subject of several research reports. Benchmark reiterated a “buy” rating and issued a $9.00 target price on shares of iQIYI in a research report on Friday, May 17th. OTR Global reissued a “mixed” rating on shares of iQIYI in a report on Thursday, April 4th.

Institutional Trading of iQIYI

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in iQIYI during the 4th quarter valued at $49,853,000. SG Americas Securities LLC raised its stake in shares of iQIYI by 80.6% in the 4th quarter. SG Americas Securities LLC now owns 587,980 shares of the company’s stock worth $2,869,000 after buying an additional 262,461 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of iQIYI by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 17,586,474 shares of the company’s stock worth $83,360,000 after buying an additional 269,491 shares in the last quarter. Krane Funds Advisors LLC raised its stake in shares of iQIYI by 2.5% in the 4th quarter. Krane Funds Advisors LLC now owns 19,194,425 shares of the company’s stock worth $93,669,000 after buying an additional 467,032 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of iQIYI by 43.2% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,291,428 shares of the company’s stock worth $11,205,000 after buying an additional 691,364 shares in the last quarter. Institutional investors own 52.69% of the company’s stock.

iQIYI Price Performance

Shares of IQ opened at $3.89 on Friday. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 0.27 and a beta of 0.08. The stock has a 50 day moving average of $4.53 and a 200-day moving average of $4.22. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.68. iQIYI has a 52 week low of $3.06 and a 52 week high of $6.47.

iQIYI (NASDAQ:IQ) last issued its earnings results on Thursday, May 16th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. iQIYI had a return on equity of 17.57% and a net margin of 6.23%. As a group, analysts forecast that iQIYI will post 0.38 EPS for the current year.

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.