iQIYI, Inc. (NASDAQ:IQ) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of iQIYI, Inc. (NASDAQ:IQ) have been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $6.54.

Institutional Investors Weigh In On iQIYI

A number of institutional investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. boosted its stake in shares of iQIYI by 1,117.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,356,739 shares of the company’s stock valued at $82,271,000 after purchasing an additional 15,931,422 shares during the last quarter. Norges Bank bought a new stake in shares of iQIYI in the 4th quarter valued at $49,853,000. Anatole Investment Management Ltd bought a new stake in shares of iQIYI in the 1st quarter valued at $46,956,000. Federated Hermes Inc. boosted its stake in shares of iQIYI by 147.8% in the 3rd quarter. Federated Hermes Inc. now owns 10,603,420 shares of the company’s stock valued at $50,260,000 after purchasing an additional 6,324,876 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of iQIYI by 65.7% in the 1st quarter. Renaissance Technologies LLC now owns 11,816,799 shares of the company’s stock valued at $86,026,000 after purchasing an additional 4,685,999 shares during the last quarter. 52.69% of the stock is owned by institutional investors.

iQIYI Price Performance

IQ stock opened at $4.03 on Thursday. The company has a 50 day simple moving average of $3.69 and a 200 day simple moving average of $4.34. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 18.32 and a beta of 0.25. iQIYI has a 1 year low of $3.06 and a 1 year high of $7.44. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.57 and a quick ratio of 0.57.

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

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.