Triple Moving Average Crossover
|Bid||0.00 x 1400|
|Ask||0.00 x 1400|
|Day's Range||23.20 - 23.79|
|52 Week Range||14.51 - 27.50|
|Beta (5Y Monthly)||1.67|
|PE Ratio (TTM)||22.01|
|Earnings Date||May 19, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||157.96|
On July 2, Yang Xianghua, President of Membership and Oversea Business Group of iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, attended the OTT Virtual Summit hosted by Asia Video Industry Association (AVIA) and joined an online fireside chat session with Louis Boswell, CEO of AVIA. Echoing the summit's theme "The Future of Video Streaming", Yang talked about iQIYI's business model, development status, overseas business, and his views on the outlook of Asian and global entertainment markets.
Shares of iQiyi (NASDAQ: IQ) rose 39.8% in June, according to data from S&P Global Market Intelligence. China has not one clear streaming leader, but three: iQiyi; Youku Tudou, owned by Alibaba Group Holding (NYSE: BABA); and Tencent Holdings (OTC: TCEHY) video. In June, news agencies citing people familiar with the matter reported that one of those large rivals was circling iQiyi as a possible acquisition.
iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced that its original CG-animated series, Deer Squad Season 1 will premiere on July 15 on the Company's platform. The animation will also air on Nickelodeon in Asia from August 2020 with plans to air internationally as well.
U.S.-listed shares of Chinese streaming company iQiyi Inc. are off more than 4% in premarket trading Thursday after Oppenheimer analyst Bo Pei downgraded the stock to perform from outperform. He worries that the company could see a "meaningful decline in subscribers" for the second quarter given indications of weak viewership trends. The company's content costs "are relatively inflexible regardless of subscriber count," Pei wrote. He said that the consensus forecast does model some degree of viewership declines since Chinese society has been reopening after the winter wave of COVID-19 cases but Pei argued that consensus numbers underestimate the depth of the declines. He expects more "highly-anticipated content" in the third quarter that could reignite subscriber momentum. IQiyi's U.S.-listed shares have rallied 48% over the past month while the S&P 500 has risen 3% and the KraneShares CSI China Internet ETF has gained 25%. The shares have seen recent momentum amid a report that Tencent Holdings Ltd. was interested in becoming the largest shareholder of iQiyi.
iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced the winners of its iCartoonFace Challenge (the "Challenge"), the first large-scale cartoon character recognition competition in China. The team from Southeast University won the Challenge with a MAP (Mean Average Precision) of 0.9291 in the cartoon character detection track and the teams from Zhejiang University and Sun Yat-sen University jointly claimed the title of Best Algorithm in the cartoon character recognition track with a Rank1 accuracy of 92.4697%.
iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, announced today that it is exclusively streaming the Cannes Lions' Lions Live on its main iQIYI app as well as its video-sharing app Suike. The Company has launched on its platform a Lions Live page dedicated to the event. The Company is the official media partner of the 2020 Cannes Lions International Festival of Creativity, a global event for those working in the creative communications, advertising and related fields.
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, we have several heavy-hitting rumors swirling around, from Huawei's chips for cars to Tencent's potential buyout of its video rival iQiyi. Huawei might be bringing the technology behind its Kirin smartphone processor into cars.
iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, recently released the content list for its Mist Theater, a content category dedicated to domestically produced suspense dramas. The six distinctive short dramas released as part of the new library will broaden the creative approaches of Chinese suspense drama productions and refresh the storytelling style of the genre. The launch of new category also underscores iQIYI's strengths and advantages in creating original suspense dramas.
Shares of Chinese streaming video champ iQiyi (NASDAQ: IQ) soared more than 20% on Tuesday on word that rival Tencent Holdings (OTC: TCEHY) is looking to buy a stake in the company -- its biggest competitor -- according to a report by Reuters. Tencent Video has battled iQiyi for the lead in the nascent streaming market in China, with each company reporting about 110 million paid subscribers in the most recent quarter. Its WeChat social messaging platform is one of the most frequently used apps in China, and Tencent is also the world's largest video game publisher.
Eli Lilly, Baidu and iQiyi set up a hot early pace on Tuesday, as a $1 trillion White House effort lifted Caterpillar on the Dow Jones today.
Shares in iQIYI Inc. (IQ) jumped 35% in pre-market trading amid a report that China’s online gaming company Tencent Holdings Ltd. (TCEHY) is seeking to become the largest shareholder in the video streaming company.The stock leaped to $25.78 after Reuters reported that Tencent approached iQIYI’s 56.2% owner Baidu Inc. (BIDU) to buy a stake of as-yet undetermined size. Shares in Baidu rose 7.2% to $125.25 in early trading.According to the report, Tencent wants to cut costs and counter competition in a sector boosted by stay-at-home coronavirus policies.“A tie-up would improve their bargaining power when producing and purchasing content, and lower marketing costs that would otherwise be spent on grabbing users from each other,” according to a person quoted in the Reuters report.Plans are at an early stage and subject to change. The potential deal would bring together two of China’s biggest media networks, with each boasting over 110 million paid subscribers at March-end.Nasdaq-listed iQIYI has a market capitalisation of $14 billion and shareholder voting power is 92.7% controlled by Baidu. Both Tencent and iQIYI have seen content expenses grow as they compete with each other as well as operators of user-generated video sharing sites such as Bilibili Inc (BILI) and Bytedance, owner of TikTok.Taken together, China's online video market is set for 2020 revenue of 156.6 billion yuan ($22.1 billion).Tencent shares have advanced 18% so far this year as stay-at-home orders boosted demand for its online gaming products. The stock was little changed at $56.83 at the close on Monday.Five-star analyst Jason Helfstein at Oppenheimer who has a Buy rating on the company with a $58 price target believes that Tencent will continue to take market share due to innovation.“There is still ample runway for its burgeoning advertising business with the largest online audience in China,” Helfstein wrote in a note to investors. “We see great potential in the company’s new initiatives: mini programs, cloud, and video. The success of any of these would add significant value to the company’s overall ecosystem.”Indeed, all six analysts covering Tencent stock are bullish on its outlook, giving it a firm Strong Buy consensus. Meanwhile the $60.50 average analyst price target indicates 6% upside potential from current levels. (See Tencent Holdings stock analysis on TipRanks).Related News: Google Mulling Purchase of Stake in Indian Vodafone Idea Google Faces Arizona Lawsuit Over ‘Unfair’ Location Data Storing Microsoft Seeks $2B Stake In India’s Jio Platforms- Report More recent articles from Smarter Analyst: * Debt-Laden Chesapeake Energy Files For Chapter 11 Proceedings * Facebook Faces More Ad Boycotts From Major Advertisers * GM’s Defense Unit Wins $214.3 Million U.S. Army Contract For Troop Carrier * AstraZeneca Strikes $127 Million Deal With Brazil For Covid-19 Vaccine
Shares of iQIYI Inc. rocketed 35% in very active trading Tuesday, after Reuters reported that Tencent Holdings Ltd. was looking to become the largest shareholder in the China-based provider of video streaming services. Trading volume ballooned to 1.9 million shares, enough to make it the most actively traded stock ahead of the open. Tencent's U.S.-listed shares were still inactive in the premarket. Reuters reported, citing people familiar with the matter, that Tencent, a China-based social media and gaming giant, approached Baidu Inc. , which owns 56% of iQIYI, about buying a stake in iQIYI, but had not yet determined the size of that stake. The report said it was not immediately clear if Tencent approached iQIYI for what the nature of any cooperation would entail. IQIYI's stock has rallied 9.0% over the past three months through Monday, while Tencent shares have run up 29.2% and the S&P 500 has climbed 28.5%.
Tencent Holdings Ltd aims to become the biggest shareholder in video streaming rival iQIYI Inc, said two people familiar with the matter, to lower costs and counter competition in a sector boosted by stay-at-home virus policies. The Chinese social media and gaming leader has approached iQIYI's 56.2% owner Baidu Inc to buy a stake of as-yet undetermined size, one of the people said. It was not immediately clear whether Tencent has approached iQIYI or what the full nature of any cooperation would entail.
NEW YORK, NY / ACCESSWIRE / June 15, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...
New York, New York--(Newsfile Corp. - June 15, 2020) - Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against of iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or "the Company") and certain of its officers, on behalf of shareholders who purchased iQIYI securities between March 29, 2018 and April 7, 2020, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: ...
NEW YORK, NY / ACCESSWIRE / June 15, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss ...
Los Angeles, California--(Newsfile Corp. - June 15, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or "the Company") for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between March 29, 2018 and April 7, 2020, inclusive (the ...
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against of iQIYI, Inc. ("iQIYI” or "the Company") (IQ) and certain of its officers, on behalf of shareholders who purchased iQIYI securities between March 29, 2018 and April 7, 2020, inclusive (the "Class Period"). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) iQIYI inflated its revenue figures; (2) iQIYI inflated its user numbers; (3) iQIYI inflated its expenses to cover up other fraud; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
LOS ANGELES, June 15, 2020 -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following.
NEW YORK, NY / ACCESSWIRE / June 15, 2020 / Labaton Sucharow LLP("Labaton Sucharow") announces that on April 17, 2020, it filed a securities class action lawsuit against iQIYI, Inc. and certain executives (IQ). The lawsuit, captioned Shiferaw v. iQIYI, Inc., No. 20-cv-3115 (S.D.N.Y.) (the "Action"), on behalf of its client Sintayehu Shiferaw ("Shiferaw") against iQIYI, Inc. ("iQIYI" or the "Company") (IQ) and certain executive officers (collectively, "Defendants"). The Action asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and SEC Rule 10b-5 promulgated thereunder, on behalf of all persons or entities who purchased or otherwise acquired iQIYI's securities between March 29, 2018 through April 7, 2020, both dates inclusive (the "Class Period"), who were damaged thereby (the "Class").
New York, New York--(Newsfile Corp. - June 15, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of iQIYI, Inc. (NASDAQ: IQ) ("iQIYI") The IQ lawsuit is on behalf of persons and entities other than Defendants that purchased or otherwise acquired: (a) iQIYI American Depository Shares pursuant and/or traceable to the Company's initial public offering conducted on or about March 29, 2018; ...
San Francisco, California--(Newsfile Corp. - June 15, 2020) - Hagens Berman urges investors in iQIYI, Inc. (NASDAQ: IQ) who have suffered significant losses to submit their losses now. Today is the lead plaintiff deadline in a securities fraud class action against iQIYI.Class Period: Mar. 29, 2018 - Apr. 7, 2020Lead Plaintiff Deadline: June 15, 2020Visit: www.hbsslaw.com/investor-fraud/IQContact An Attorney Now: IQ@hbsslaw.com844-916-0895iQIYI (IQ) Securities Class Action:The complaint alleges that Defendants inflated iQIYI's revenue figures, user ...
NEW YORK, NY / ACCESSWIRE / June 15, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. A class action has commenced on behalf of certain shareholders in Baidu, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Baidu’s feed services were not in compliance with applicable Chinese regulatory standards; (ii) the foregoing noncompliance subjected the Company to a heightened risk of regulatory enforcement, including the removal or suspension of certain of Baidu’s services and products; (iii) accordingly, the Company’s revenues derived from online marketing services were unlikely to be sustainable; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until June 15, 2020 to file lead plaintiff applications in securities class action lawsuits against iQIYI, Inc. (NasdaqGS: IQ), if they purchased the Company's securities between March 29, 2018 and April 7, 2020, inclusive (the "Class Period") including securities issued in connection with its March 2018 Initial Public Offering. These actions are pending in the United States District Courts for the Eastern and Southern Districts of New York and Northern District of California.
New York, New York--(Newsfile Corp. - June 14, 2020) - Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against of iQIYI, Inc. ("iQIYI" or "the Company") (NASDAQ: IQ) and certain of its officers, on behalf of shareholders who purchased iQIYI securities between March 29, 2018 and April 7, 2020, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: ...