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

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) have been given an average recommendation of “Hold” by the five brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $2.5467.

Several research analysts have issued reports on IQ shares. Jefferies Financial Group reiterated a “buy” rating and issued a $2.22 price target on shares of iQIYI in a report on Thursday, February 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of iQIYI in a report on Friday, March 27th. Wall Street Zen lowered iQIYI from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Zacks Research upgraded iQIYI from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Benchmark reiterated a “hold” rating on shares of iQIYI in a report on Tuesday, May 19th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in 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 in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in iQIYI by 1.6% in the third quarter. Public Employees Retirement System of Ohio now owns 432,300 shares of the company’s stock worth $1,107,000 after acquiring an additional 6,900 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in iQIYI by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 534,118 shares of the company’s stock worth $721,000 after acquiring an additional 22,662 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new position in shares of iQIYI in the fourth quarter valued at approximately $1,205,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of iQIYI by 393.4% in 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 in the last quarter. Institutional investors own 52.69% of the company’s stock.

iQIYI Price Performance

Shares of NASDAQ:IQ opened at $1.14 on Monday. The business’s 50 day simple moving average is $1.23 and its two-hundred day simple moving average is $1.67. The firm has a market cap of $1.10 billion, a P/E ratio of -11.40 and a beta of 0.19. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.45 and a current ratio of 0.45. iQIYI has a 52-week low of $1.03 and a 52-week high of $2.84.

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.