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

iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) has earned an average recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $2.64.

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

Institutional Trading of iQIYI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its holdings in shares of iQIYI by 199.7% during the second quarter. SBI Securities Co. Ltd. now owns 45,021 shares of the company’s stock worth $80,000 after buying an additional 29,999 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in iQIYI by 48.2% during the second 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 during the period. SG Americas Securities LLC increased its position in iQIYI by 33.0% during the second 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 during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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. Institutional investors and hedge funds own 52.69% of the company’s stock.

iQIYI Price Performance

Shares of IQ stock opened at $2.04 on Tuesday. The stock’s 50 day simple moving average is $2.03 and its 200 day simple moving average is $2.18. iQIYI has a twelve month low of $1.50 and a twelve month high of $2.84. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of -34.00 and a beta of 0.03.

About iQIYI

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.