iQIYI, Inc. (NASDAQ:IQ) Given Consensus Recommendation of “Reduce” by Analysts

by · The Markets Daily

Shares of iQIYI, Inc. (NASDAQ:IQ – Get Free Report) have earned an average recommendation of “Reduce” from the five brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.15.

Several equities research analysts have commented on the stock. Benchmark restated a “hold” rating on shares of iQIYI in a research note on Friday, November 22nd. JPMorgan Chase & Co. lowered their target price on iQIYI from $2.50 to $1.80 and set a “neutral” rating on the stock in a research report on Friday, November 22nd.

Read Our Latest Report on iQIYI

iQIYI Stock Performance

Shares of IQ opened at $2.08 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.45. iQIYI has a 1 year low of $1.89 and a 1 year high of $5.80. The firm has a fifty day moving average of $2.27 and a 200-day moving average of $2.77. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.60 and a beta of 0.02.

Institutional Investors Weigh In On iQIYI

Several hedge funds have recently made changes to their positions in IQ. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of iQIYI during the 2nd quarter valued at $31,000. Ground Swell Capital LLC purchased a new position in iQIYI in the third quarter valued at about $32,000. Flow Traders U.S. LLC acquired a new position in iQIYI in the 3rd quarter worth about $32,000. Seven Eight Capital LP purchased a new stake in shares of iQIYI during the 2nd quarter worth about $42,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of iQIYI during the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 52.69% of the company’s stock.

iQIYI Company Profile

(Get Free Report

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.

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