iQIYI, Inc. (NASDAQ:IQ) Receives Average 'Reduce' Rating from Analysts

iQIYI, Inc. (NASDAQ:IQ - Get Free Report) has received an average rating of "Reduce" from five analysts currently covering its stock, according to Marketbeat. Out of these analysts, one has issued a sell rating while four have assigned a hold rating to the company. The average target price over the next 12 months suggested by analysts who have recently updated their coverage is $3.15.

IQ stock has drawn attention in several recent research reports. Benchmark recently reaffirmed a "hold" rating on iQIYI shares in a report dated November 22. On August 26, Nomura Securities upgraded its rating for iQIYI to "hold." In a research note published on November 22, JPMorgan Chase & Co. decreased their price target for iQIYI from $2.50 to $1.80 while designating a "neutral" rating for the stock. Additionally, Goldman Sachs downgraded iQIYI from a "buy" to a "neutral" rating with a target price of $2.80 on August 27.

iQIYI Stock Overview

The shares of IQ were trading at $2.05 as of Friday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 10.25, and a price-to-earnings-growth ratio of 0.60. With a low of $1.89 and a high of $5.80 over the past year, its 50-day and 200-day moving averages are $2.31 and $2.85, respectively. iQIYI's debt-to-equity ratio stands at 0.65, and both its quick ratio and current ratio are 0.45.

Institutional Investors and Shareholders

Recently, several institutional investors have either increased or initiated their positions in iQIYI. For instance, Garden State Investment Advisory Services LLC acquired new shares in iQIYI during the third quarter, investing $835,000. BNP Paribas Financial Markets raised its stake by 77.1% in the same period and now owns 1,871,931 shares, valued at $5,354,000. Similarly, Dimensional Fund Advisors LP boosted its holdings by 13.5%, having acquired an additional 694,349 shares in the previous quarter, bringing its total to 5,846,420 shares worth $21,443,000. Genesis Investment Management LLP significantly increased its stake by 112.1% and now owns 16,582,183 shares, valued at $47,425,000. Lastly, SG Americas Securities LLC dramatically upped its position in the third quarter by 8,351.7%, now holding 1,005,249 shares worth $2,875,000. Overall, institutional and hedge funds hold 52.69% of the company's stock.

About iQIYI, Inc.

iQIYI, Inc. is a provider of online entertainment video services in the People's Republic of China. It offers a diverse range of products and services that include online video, online games, online literature, and animations. The company's platform features a collection of internet video content, comprising both professionally produced material licensed from content providers and self-produced shows.

Conclusion

Overall, while iQIYI possesses a wealth of offerings in the online entertainment space, current analyst ratings suggest caution for potential investors with the mixed reviews and lower target price projections.

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