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

iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) has been assigned an average recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $2.64.

Several research firms have issued reports on IQ. Zacks Research lowered iQIYI from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Morgan Stanley set a $2.10 target price on shares of iQIYI in a report on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of iQIYI in a research report on Monday, December 29th.

iQIYI Trading Down 4.3%

IQ stock opened at $1.99 on Tuesday. iQIYI has a 1-year low of $1.50 and a 1-year high of $2.84. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $2.02 and its 200-day moving average is $2.19. The firm has a market cap of $1.92 billion, a P/E ratio of -33.17 and a beta of 0.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IQ. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 worth $4,864,000 after acquiring an additional 1,716,011 shares during the last quarter. SG Americas Securities LLC boosted its stake in iQIYI by 33.0% in the second quarter. SG Americas Securities LLC now owns 1,571,432 shares of the company’s stock worth $2,781,000 after purchasing an additional 390,088 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of 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 purchasing an additional 138,300 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in shares of iQIYI by 199.7% in the second quarter. SBI Securities Co. Ltd. now owns 45,021 shares of the company’s stock valued at $80,000 after buying an additional 29,999 shares in the last quarter. 52.69% of the stock is owned by institutional investors and hedge funds.

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.