iQIYI (NASDAQ:IQ) Price Target Raised to $2.50 at Jefferies Financial Group

iQIYI (NASDAQ:IQ) had its target price increased by Jefferies Financial Group from $2.10 to $2.50 in a report released on Wednesday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other research firms have also weighed in on IQ. CLSA upgraded iQIYI from a “hold” rating to a “moderate buy” rating in a report on Tuesday. Wall Street Zen lowered iQIYI from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, iQIYI currently has an average rating of “Hold” and a consensus target price of $2.41.

iQIYI Trading Up 0.9%

Shares of iQIYI stock opened at $2.30 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.46 and a current ratio of 0.46. iQIYI has a 52 week low of $1.50 and a 52 week high of $3.35. The stock has a 50 day moving average price of $1.86 and a two-hundred day moving average price of $1.96. The stock has a market capitalization of $2.21 billion, a PE ratio of 57.51 and a beta of -0.14.

iQIYI (NASDAQ:IQ) last posted its earnings results on Wednesday, May 21st. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). iQIYI had a net margin of 1.02% and a return on equity of 3.62%. The company had revenue of $988.19 million during the quarter, compared to the consensus estimate of $7.10 billion. As a group, equities analysts anticipate that iQIYI will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of iQIYI

Several hedge funds have recently made changes to their positions in the company. Krane Funds Advisors LLC raised its stake in shares of iQIYI by 23.6% in the first quarter. Krane Funds Advisors LLC now owns 26,905,091 shares of the company’s stock valued at $60,806,000 after buying an additional 5,141,322 shares during the period. Vanguard Group Inc. grew its position in shares of iQIYI by 3.6% in the first quarter. Vanguard Group Inc. now owns 18,956,694 shares of the company’s stock valued at $42,842,000 after purchasing an additional 663,609 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of iQIYI by 41.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company’s stock valued at $22,135,000 after purchasing an additional 3,235,223 shares in the last quarter. Federated Hermes Inc. grew its position in shares of iQIYI by 44.5% in the first quarter. Federated Hermes Inc. now owns 9,370,852 shares of the company’s stock valued at $21,178,000 after purchasing an additional 2,886,631 shares in the last quarter. Finally, Barclays PLC grew its position in shares of iQIYI by 78.2% in the fourth quarter. Barclays PLC now owns 3,745,666 shares of the company’s stock valued at $7,529,000 after purchasing an additional 1,643,387 shares in the last quarter. 52.69% of the stock is currently owned by institutional investors.

iQIYI Company Profile

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.