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

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) have earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $2.5740.

Several research firms have recently weighed in on IQ. Morgan Stanley set a $2.10 price objective on shares of iQIYI in a research report on Wednesday, November 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of iQIYI in a research note on Monday.

Institutional Trading of iQIYI

Several large investors have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 buying an additional 1,716,011 shares in the last quarter. HighTower Advisors LLC lifted its stake in iQIYI by 102.3% in the first 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 during the last quarter. SG Americas Securities LLC raised its holdings in shares of iQIYI by 33.0% during the 2nd quarter. SG Americas Securities LLC now owns 1,571,432 shares of the company’s stock valued at $2,781,000 after purchasing an additional 390,088 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of iQIYI by 48.2% in 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 during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in iQIYI by 199.7% during 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 Stock Performance

Shares of NASDAQ IQ opened at $1.92 on Friday. The stock has a fifty day moving average price of $2.08 and a two-hundred day moving average price of $2.14. iQIYI has a 1 year low of $1.50 and a 1 year high of $2.84. The firm has a market cap of $1.85 billion, a P/E ratio of -32.00 and a beta of 0.03. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.44 and a current ratio of 0.44.

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.