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

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $2.64.

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

Institutional Investors Weigh In On iQIYI

Several large investors have recently made changes to their positions in IQ. Public Employees Retirement System of Ohio raised its position in iQIYI by 1.6% during the third quarter. Public Employees Retirement System of Ohio now owns 432,300 shares of the company’s stock valued at $1,107,000 after acquiring an additional 6,900 shares in 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. SBI Securities Co. Ltd. lifted its stake in shares of iQIYI by 199.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 45,021 shares of the company’s stock valued at $80,000 after purchasing an additional 29,999 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in 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 worth $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 iQIYI stock opened at $2.04 on Tuesday. iQIYI has a 1 year low of $1.50 and a 1 year high of $2.84. The company has a market cap of $1.96 billion, a P/E ratio of -34.00 and a beta of 0.03. 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 stock has a 50-day moving average price of $2.03 and a 200 day moving average price of $2.18.

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.