iQIYIIQ
Market Cap: $2.05B
About: Iqiyi is a leading streaming video-on-demand company in China that generates revenue through a mostly subscription basis and has about 100 million paying subscribers and 500 million monthly average users on its platform. The platform also provides user-generated content in long-form videos free of charge to nonpaying users, monetized through video-brand ads and performance-based ads. The company self-produces much of the subscription content and also generates revenue through content distribution, gaming, and IP licensing. Iqiyi competes in a crowded industry with Tencent Video, Alibaba's Youku, ByteDance's MangoTV, and Tencent-backed Bilibili. The company is 45.5% and 5.1% owned by Baidu and Xiaomi, respectively. Baidu also held 89.3% of the voting power as of end-February 2023.
Employees: 4,788
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
85% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 40
79% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 19
8% more funds holding
Funds holding: 181 [Q1] → 196 (+15) [Q2]
0.93% more ownership
Funds ownership: 8.69% [Q1] → 9.62% (+0.93%) [Q2]
4% less capital invested
Capital invested by funds: $1.35B [Q1] → $1.3B (-$49.8M) [Q2]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]
20% less call options, than puts
Call options by funds: $43.1M | Put options by funds: $53.8M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Goldman Sachs Lincoln Kong 0 / 0 met price target | 31%upside $2.80 | Neutral Downgraded | 27 Aug 2024 |
Benchmark Fawne Jiang 49% 1-year accuracy 31 / 63 met price target | 134%upside $5 | Buy Maintained | 31 Jul 2024 |
JP Morgan Daniel Chen 0% 1-year accuracy 0 / 2 met price target | 40%upside $3 | Neutral Maintained | 23 Jul 2024 |
HSBC Charlene Liu 67% 1-year accuracy 2 / 3 met price target | 40%upside $3 | Reduce Downgraded | 23 Jul 2024 |
Financial journalist opinion
Based on 5 articles about IQ published over the past 30 days