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

iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) has received an average recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $2.5467.

Several equities analysts have recently weighed in on the company. Wall Street Zen cut iQIYI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Weiss Ratings reissued a “sell (d)” rating on shares of iQIYI in a report on Friday, March 27th. Zacks Research downgraded iQIYI from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating and set a $2.22 price target on shares of iQIYI in a research report on Thursday, February 26th. Finally, Benchmark reissued a “hold” rating on shares of iQIYI in a report on Tuesday, May 19th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IQ. Parallel Advisors LLC grew its position in shares of 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 purchasing an additional 5,077 shares in the last quarter. Public Employees Retirement System of Ohio raised its position 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 boosted its stake in 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 buying an additional 22,662 shares during the period. Catalyst Funds Management Pty Ltd bought a new stake in iQIYI during the fourth quarter valued at $1,205,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 buying an additional 1,716,011 shares in the last quarter. 52.69% of the stock is owned by institutional investors.

iQIYI Stock Down 4.8%

iQIYI stock opened at $0.96 on Friday. The firm has a 50 day simple moving average of $1.13 and a 200 day simple moving average of $1.52. 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 has a 1-year low of $0.95 and a 1-year high of $2.84. The firm has a market capitalization of $927.47 million, a price-to-earnings ratio of -9.61 and a beta of 0.19.

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.