iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Receives $2.64 Consensus PT from Brokerages

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) have been assigned an average recommendation of “Hold” from the five analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $2.64.

A number of equities analysts have issued reports on IQ shares. Morgan Stanley set a $2.10 target price on iQIYI in a research report on Wednesday, November 19th. Weiss Ratings restated a “sell (d)” rating on shares of iQIYI in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of iQIYI from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd.

Hedge Funds Weigh In On iQIYI

A number of hedge funds have recently bought and sold shares of IQ. SBI Securities Co. Ltd. increased its holdings in iQIYI by 199.7% in the second quarter. SBI Securities Co. Ltd. now owns 45,021 shares of the company’s stock valued at $80,000 after buying an additional 29,999 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of iQIYI by 48.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 425,400 shares of the company’s stock worth $753,000 after acquiring an additional 138,300 shares in the last quarter. SG Americas Securities LLC grew its position in shares of iQIYI by 33.0% in the 2nd quarter. SG Americas Securities LLC now owns 1,571,432 shares of the company’s stock worth $2,781,000 after acquiring an additional 390,088 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of iQIYI by 393.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,152,263 shares of the company’s stock valued at $4,864,000 after acquiring an additional 1,716,011 shares during the last quarter. 52.69% of the stock is currently owned by institutional investors and hedge funds.

iQIYI Stock Down 0.9%

Shares of NASDAQ IQ opened at $2.11 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.44 and a current ratio of 0.44. iQIYI has a 1 year low of $1.50 and a 1 year high of $2.84. The stock’s 50-day simple moving average is $2.02 and its 200-day simple moving average is $2.18. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of -35.17 and a beta of 0.03.

iQIYI Company Profile

iQIYI, Inc is a leading online entertainment service provider headquartered in Beijing, China, offering a comprehensive portfolio of streaming video content across multiple genres. The company operates a subscription-based video-on-demand (SVOD) platform, complemented by advertising-supported content (AVOD) and pay-per-view offerings. Its digital library encompasses original series, feature films, variety shows, animation and documentaries, catering to diverse demographic segments and viewer preferences.

Originally launched by Baidu in 2010 as an online video site, iQIYI was formally rebranded in early 2012 and has since expanded its footprint beyond China’s domestic market.