Analysts Set iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Target Price at $2.55

iQIYI, Inc. Sponsored ADR (NASDAQ:IQGet Free Report) has earned a consensus recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $2.5467.

A number of research firms have weighed in on IQ. Benchmark reissued a “hold” rating on shares of iQIYI in a research note on Tuesday, May 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of iQIYI in a report on Wednesday, June 24th. Wall Street Zen cut iQIYI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, Zacks Research cut iQIYI from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 3rd.

Read Our Latest Analysis on IQ

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IQ. Parallel Advisors LLC raised its stake in iQIYI by 20.8% during the 4th quarter. Parallel Advisors LLC now owns 29,472 shares of the company’s stock valued at $57,000 after acquiring an additional 5,077 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in iQIYI by 2.5% during the first quarter. Public Employees Retirement System of Ohio now owns 366,300 shares of the company’s stock worth $495,000 after buying an additional 8,900 shares during the period. Bank of New York Mellon Corp increased its stake in iQIYI by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 534,118 shares of the company’s stock valued at $721,000 after purchasing an additional 22,662 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new position in shares of iQIYI in the fourth quarter valued at $1,205,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in iQIYI by 393.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,152,263 shares of the company’s stock worth $4,864,000 after acquiring an additional 1,716,011 shares during the last quarter. 52.69% of the stock is owned by hedge funds and other institutional investors.

iQIYI Stock Performance

IQ opened at $1.01 on Friday. The firm has a market capitalization of $974.56 million, a PE ratio of -10.10 and a beta of 0.19. The firm’s 50-day moving average price is $1.10 and its 200 day moving average price is $1.49. iQIYI has a twelve month low of $0.95 and a twelve month high of $2.84. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.79.

iQIYI Company Profile

(Get Free Report)

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.

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