iQIYI (IQ)

• Market cap: $1.94B
• 1 day: -2.88%
• 5 days: -1.94%
• 1 month: -7.34%
• 3 months: -29.37%
• 6 months: -43.58%
• Year to date: -57.92%
• 1 year: -57.92%
• 5 years: -90.50%
• 10 years: -87.01%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

5% more call options, than puts

Call options by funds: $27.7M | Put options by funds: $26.3M

5% less repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 59

2.85% less ownership

Funds ownership: 10.53% [Q2] → 7.69% (-2.85%) [Q3]

4% less funds holding

Funds holding: 198 [Q2] → 190 (-8) [Q3]

20% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 40

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

43% less capital invested

Capital invested by funds: $1.43B [Q2] → $809M (-$617M) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $1.80 11% downside
• Avg. target: $1.80 11% downside
• High target: $1.80 11% downside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

JP Morgan Daniel Chen 50% 1-year accuracy 1 / 2 met price target

11% downside $1.80

Neutral Maintained

22 Nov 2024