Investment Analysts’ Weekly Ratings Changes for iQIYI (IQ)

Several analysts have recently updated their ratings and price targets for iQIYI (NASDAQ: IQ):

• 7/31/2024 – iQIYI had its price target lowered by analysts at Benchmark Co. from $9.00 to $5.00. They now have a “buy” rating on the stock.
• 7/23/2024 – iQIYI was downgraded by analysts at HSBC Holdings plc from a “hold” rating to a “reduce” rating. They now have a $3.00 price target on the stock, down previously from $4.70.
• 7/23/2024 – iQIYI had its price target lowered by analysts at JPMorgan Chase & Co. from $5.00 to $3.00. They now have a “neutral” rating on the stock.
• 7/23/2024 – iQIYI was downgraded by analysts at Hsbc Global Res from a “hold” rating to a “moderate sell” rating.

iQIYI Stock Performance

Shares of IQ stock remained flat at $3.16 during trading hours on Friday. 2,538,973 shares of the stock traded hands, compared to its average volume of 8,849,326. The company has a market cap of $3.03 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 0.42 and a beta of 0.08. iQIYI, Inc. has a twelve month low of $3.01 and a twelve month high of $6.47. The firm has a 50 day moving average price of $3.78 and a 200-day moving average price of $4.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.60 and a quick ratio of 0.60.

iQIYI (NASDAQ:IQ) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.04. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. iQIYI had a return on equity of 17.57% and a net margin of 6.23%. As a group, analysts anticipate that iQIYI, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On iQIYI

Several institutional investors and hedge funds have recently bought and sold shares of IQ. Raymond James Financial Services Advisors Inc. bought a new position in iQIYI in the 4th quarter worth about $61,000. Ballentine Partners LLC grew its stake in shares of iQIYI by 65.0% in the first quarter. Ballentine Partners LLC now owns 18,317 shares of the company’s stock worth $77,000 after purchasing an additional 7,219 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of iQIYI by 59.9% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,954 shares of the company’s stock valued at $81,000 after purchasing an additional 8,225 shares in the last quarter. Jump Financial LLC bought a new stake in shares of iQIYI during the fourth quarter valued at about $114,000. Finally, DGS Capital Management LLC boosted its stake in iQIYI by 111.1% during the 4th quarter. DGS Capital Management LLC now owns 26,517 shares of the company’s stock valued at $129,000 after purchasing an additional 13,958 shares in the last quarter. Institutional investors and hedge funds own 52.69% of the company’s stock.

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.