Analysts Set iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Price Target at $2.57

iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) has been assigned an average rating of “Hold” from the eight research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $2.5740.

A number of research firms recently issued reports on IQ. Weiss Ratings reiterated a “sell (d)” rating on shares of iQIYI in a research note on Monday, December 29th. Morgan Stanley set a $2.10 price target on iQIYI in a research report on Wednesday, November 19th.

iQIYI Stock Down 3.8%

iQIYI stock opened at $2.02 on Friday. The firm has a 50 day simple moving average of $2.07 and a 200 day simple moving average of $2.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.75. iQIYI has a 1-year low of $1.50 and a 1-year high of $2.84. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -33.67 and a beta of 0.03.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its position in shares of iQIYI by 48.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 425,400 shares of the company’s stock valued at $753,000 after purchasing an additional 138,300 shares in the last quarter. SG Americas Securities LLC grew 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 buying an additional 390,088 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in iQIYI by 199.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 45,021 shares of the company’s stock worth $80,000 after acquiring an additional 29,999 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of iQIYI by 102.3% in the 1st quarter. HighTower Advisors LLC now owns 15,639 shares of the company’s stock valued at $35,000 after acquiring an additional 698,342 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 acquiring an additional 1,716,011 shares during the last quarter. 52.69% of the stock is owned by institutional investors.

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.