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

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) have earned a consensus rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $2.5467.

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

iQIYI Trading Up 3.4%

Shares of IQ stock opened at $1.23 on Tuesday. The stock has a 50-day simple moving average of $1.09 and a 200 day simple moving average of $1.42. The stock has a market capitalization of $1.19 billion, a P/E ratio of -12.30 and a beta of 0.19. iQIYI has a fifty-two week low of $0.95 and a fifty-two week high of $2.84. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.79.

Institutional Investors Weigh In On iQIYI

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of iQIYI during the 4th quarter worth $8,488,000. Marshall Wace LLP raised its position in shares of iQIYI by 1,423.3% during the fourth quarter. Marshall Wace LLP now owns 2,811,044 shares of the company’s stock worth $5,397,000 after purchasing an additional 2,626,502 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of 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 valued at $4,864,000 after purchasing an additional 1,716,011 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in shares of iQIYI during the fourth quarter valued at $1,205,000. Finally, Bank of New York Mellon Corp lifted its holdings 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 purchasing an additional 22,662 shares during the last quarter. Institutional investors and hedge funds own 52.69% of the company’s stock.

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.