IQIYI (IQ) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of IQIYI (NASDAQ: IQ) recently:

  • 6/25/2020 – IQIYI was downgraded by analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market perform” rating. They now have a $23.00 price target on the stock.
  • 6/17/2020 – IQIYI was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 6/16/2020 – IQIYI is now covered by analysts at Oppenheimer Holdings Inc.. They set a “buy” rating and a $23.00 price target on the stock.
  • 6/16/2020 – IQIYI was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/4/2020 – IQIYI was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 5/28/2020 – IQIYI was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 5/20/2020 – IQIYI had its price target lowered by analysts at HSBC Holdings plc from $32.00 to $23.00.
  • 5/2/2020 – IQIYI was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Iqiyi Inc. provides online entertainment service. The Company offer movies, television dramas, variety shows and other video contents. Iqiyi Inc is based in Haidian, China. “
  • 5/1/2020 – IQIYI was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 4/30/2020 – IQIYI was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Iqiyi Inc. provides online entertainment service. The Company offer movies, television dramas, variety shows and other video contents. Iqiyi Inc is based in Haidian, China. “

NASDAQ IQ traded up $0.66 on Monday, hitting $23.38. The company’s stock had a trading volume of 3,232,216 shares, compared to its average volume of 12,834,230. IQIYI Inc has a 52-week low of $14.51 and a 52-week high of $27.50. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The company’s 50-day simple moving average is $18.63 and its 200 day simple moving average is $20.45. The firm has a market cap of $16.54 billion, a P/E ratio of -10.34 and a beta of 1.63.

IQIYI (NASDAQ:IQ) last posted its quarterly earnings data on Monday, May 18th. The company reported ($3.92) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.49) by ($3.43). IQIYI had a negative net margin of 38.37% and a negative return on equity of 102.31%. The company had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period last year, the business earned ($1.97) EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, research analysts forecast that IQIYI Inc will post -1.67 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in IQIYI by 2.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,407 shares of the company’s stock worth $773,000 after buying an additional 1,156 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in IQIYI by 25.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 6,000 shares of the company’s stock worth $127,000 after purchasing an additional 1,200 shares during the period. Verus Capital Partners LLC acquired a new stake in IQIYI during the 4th quarter worth about $28,000. Highland Capital Management LLC grew its position in IQIYI by 7.3% during the 1st quarter. Highland Capital Management LLC now owns 19,950 shares of the company’s stock worth $355,000 after purchasing an additional 1,350 shares during the period. Finally, US Bancorp DE grew its position in IQIYI by 2,538.2% during the 4th quarter. US Bancorp DE now owns 1,451 shares of the company’s stock worth $31,000 after purchasing an additional 1,396 shares during the period. 25.91% of the stock is currently owned by institutional investors.

iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.

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