5 Best Stocks To Buy Under $10 According To Hedge Funds

In this article, we will discuss the 5 best stocks to buy under $10 according to hedge funds. If you want to read our detailed analysis of these stocks, you can go directly to the 10 Best Stocks To Buy Under $10 According To Hedge Funds.

5.  iQIYI, Inc. (NASDAQ:IQ)

Number of Hedge Fund Holders: 27

iQIYI, Inc. (NASDAQ:IQ) is an online content portal platform similar to Netflix Inc (NASDAQ: NFLX). The company has 500 million monthly active daily users (MAU) as opposed to 209 million subscribers globally for Netflix.

Of the 873 elite funds tracked by Insider Monkey, 27 were long on iQIYI, Inc. (NASDAQ:IQ) at the end of the second quarter of 2021. The estimated market value of this holding is $1.1 billion.

iQIYI, Inc. (NASDAQ:IQ) beat the EPS estimate by $0.05 and the revenue estimate by $24.30 million for the second quarter of 2021. The company expects its net revenue to be between $1.18 billion and $1.25 billion for the third quarter of 2021 as opposed to the analysts’ forecast of $1.23 billion, reflecting an increase of 6% to 13% YoY.

The company should not be considered as a Chinese pure-play as it has been able to garner over 106 million subscribers due to exclusive rights to Korean content, which is famous globally. The recent success of Squid Games on Netflix further shows the potential of Korean content, and this is where iQIYI, Inc. (NASDAQ:IQ) comes into play. Furthermore, the company also launched “iBarca Membership” in partnership with Barcelona Football Club. Iqiyi subscribers would have access to exclusive content from Barca TV in Mandarin and other benefits as well.