iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Given Average Recommendation of “Hold” by Analysts

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

Several analysts recently issued reports on IQ shares. Wall Street Zen cut iQIYI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Benchmark reiterated a “hold” rating on shares of iQIYI in a research report on Tuesday, May 19th. Zacks Research upgraded iQIYI from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of iQIYI in a research report on Wednesday, June 24th.

Read Our Latest Research Report on IQ

Institutional Trading of iQIYI

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC grew its stake in shares of iQIYI by 20.8% in the fourth quarter. Parallel Advisors LLC now owns 29,472 shares of the company’s stock worth $57,000 after acquiring an additional 5,077 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of iQIYI by 2.5% in 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 in the last quarter. Bank of New York Mellon Corp increased its position in shares of iQIYI by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 534,118 shares of the company’s stock valued at $721,000 after acquiring an additional 22,662 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new position in iQIYI in the 4th quarter valued at approximately $1,205,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in iQIYI by 393.4% during 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 purchasing an additional 1,716,011 shares during the last quarter. Hedge funds and other institutional investors own 52.69% of the company’s stock.

iQIYI Price Performance

IQ opened at $1.22 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.45 and a quick ratio of 0.45. iQIYI has a 1 year low of $0.95 and a 1 year high of $2.84. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -12.20 and a beta of 0.19. The stock’s 50 day simple moving average is $1.09 and its 200 day simple moving average is $1.40.

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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Analyst Recommendations for iQIYI (NASDAQ:IQ)

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