323 institutions hold shares in iQIYI Inc. (IQ), with 2.4M shares held by insiders accounting for 0.30% while institutional investors hold 62.86% of the company’s shares. The shares outstanding are 744.86M, and float is at 310.79M with Short Float at 20.11%. Institutions hold 62.67% of the Float.
The top institutional shareholder in the company is Hillhouse Capital Advisors Ltd. with over 38.65 million shares valued at $675.58 million. The investor’s holdings represent 10.21% of the IQ Shares outstanding. As of Dec 30, 2020, the second largest holder is Morgan Stanley with 31.84 million shares valued at $556.54 million to account for 8.41% of the shares outstanding. The other top investors are Credit Suisse Ag/ which holds 25.22 million shares representing 6.67% and valued at over $440.85 million, while Goldman Sachs Group, Inc. holds 6.55% of the shares totaling 24.78 million with a market value of $433.17 million.
iQIYI Inc. (NASDAQ: IQ) is -5.32% lower on its value in year-to-date trading and has touched a low of $14.51 and a high of $28.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IQ stock was last observed hovering at around $17.43 in the last trading session, with the day’s loss setting it -0.88% off its average median price target of $168.68 for the next 12 months. It is also 91.8% off the consensus price target high of $201.94 offered by 24 analysts, but current levels are 84.95% higher than the price target low of $110.00 for the same period.
Currently trading at $16.55, the stock is -35.47% and -31.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 135.53 million and changing -5.05% at the moment leaves the stock -26.75% off its SMA200. IQ registered -10.93% loss for a year compared to 6-month gain of -28.94%. The firm has a 50-day simple moving average (SMA 50) of $25.41 and a 200-day simple moving average (SMA200) of $22.96.
The stock witnessed a -34.66% loss in the last 1 month and extending the period to 3 months gives it a -5.10%, and is -40.98% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 24.60% over the week and 9.35% over the month.
iQIYI Inc. (IQ) has around 7721 employees, a market worth around $15.05B and $4.54B in sales. Profit margin for the company is -23.70%. Distance from 52-week low is 14.06% and -42.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.30%).
iQIYI Inc. (IQ) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for iQIYI Inc. (IQ) is a “Hold”. 24 analysts offering their recommendations for the stock have an average rating of 2.70, where 10 rate it as a Hold and 2 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.
iQIYI Inc. is expected to release its quarterly report on 04/29/2021 and quarterly earnings per share for the current quarter are estimated at -$0.38 with sales reaching $1.12B over the same period.The EPS is expected to grow by 32.70% this year, but quarterly earnings will post 9.70% year-over-year. Quarterly sales are estimated to grow 2.20% in year-over-year returns.