iQIYI, Inc. (NASDAQ:IQ) Receives $3.67 Consensus Target Price from Analysts

iQIYI, Inc. (NASDAQ:IQ) has earned a consensus recommendation of “Hold” from the three brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $3.67.

A number of equities analysts have issued reports on the stock. HSBC cut shares of iQIYI from a “hold” rating to a “reduce” rating and cut their target price for the stock from $4.70 to $3.00 in a report on Tuesday, July 23rd. JPMorgan Chase & Co. dropped their price target on iQIYI from $5.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 23rd. Hsbc Global Res lowered iQIYI from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 23rd. Finally, Benchmark cut their target price on iQIYI from $9.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st.

Institutional Trading of iQIYI

Several hedge funds have recently added to or reduced their stakes in IQ. Krane Funds Advisors LLC increased its stake in iQIYI by 2.5% during the 4th quarter. Krane Funds Advisors LLC now owns 19,194,425 shares of the company’s stock valued at $93,669,000 after buying an additional 467,032 shares during the period. Vanguard Group Inc. increased its stake in shares of iQIYI by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,756,701 shares of the company’s stock valued at $86,653,000 after acquiring an additional 170,227 shares during the period. Federated Hermes Inc. raised its holdings in iQIYI by 18.9% during the second quarter. Federated Hermes Inc. now owns 16,057,035 shares of the company’s stock worth $58,929,000 after purchasing an additional 2,549,287 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its position in iQIYI by 65.4% in the first quarter. Maple Rock Capital Partners Inc. now owns 10,320,000 shares of the company’s stock worth $43,654,000 after purchasing an additional 4,080,000 shares during the period. Finally, Norges Bank bought a new position in iQIYI during the 4th quarter valued at $49,853,000. Institutional investors own 52.69% of the company’s stock.

iQIYI Trading Down 15.6 %

iQIYI stock opened at $2.60 on Friday. iQIYI has a 1 year low of $2.56 and a 1 year high of $5.80. The firm’s 50-day moving average is $3.51 and its 200-day moving average is $4.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $2.49 billion, a P/E ratio of 9.29, a PEG ratio of 0.42 and a beta of 0.08.

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.