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. “
A number of other analysts have also recently weighed in on the stock. Loop Capital initiated coverage on shares of TENCENT HOLDING/ADR in a research note on Monday, June 3rd. They issued a buy rating on the stock. HSBC cut shares of easyJet to a hold rating in a research note on Tuesday, April 2nd. Finally, Tigress Financial initiated coverage on shares of YY in a research note on Friday, March 15th. They issued a buy rating on the stock. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. IQIYI has a consensus rating of Buy and a consensus target price of $27.14.
IQIYI (NASDAQ:IQ) last posted its quarterly earnings data on Thursday, May 16th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.52) by $0.17. IQIYI had a negative net margin of 38.72% and a negative return on equity of 52.01%. The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter in the previous year, the firm posted ($0.31) EPS. The business’s revenue was up 43.0% compared to the same quarter last year. Equities analysts forecast that IQIYI will post -1.38 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in IQ. Hillhouse Capital Management Ltd. boosted its position in IQIYI by 1,633.8% in the fourth quarter. Hillhouse Capital Management Ltd. now owns 34,313,024 shares of the company’s stock valued at $510,235,000 after buying an additional 32,333,917 shares in the last quarter. WT Asset Management Ltd acquired a new position in IQIYI in the first quarter valued at about $53,067,000. Bank of America Corp DE boosted its position in IQIYI by 240.9% in the fourth quarter. Bank of America Corp DE now owns 2,444,498 shares of the company’s stock valued at $36,350,000 after buying an additional 1,727,430 shares in the last quarter. Ardevora Asset Management LLP acquired a new position in IQIYI in the first quarter valued at about $36,813,000. Finally, Norges Bank acquired a new position in IQIYI in the fourth quarter valued at about $21,687,000. Hedge funds and other institutional investors own 19.44% of the company’s stock.
IQIYI Company Profile
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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