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

iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) has received a consensus rating of “Hold” from the four research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $2.64.

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

Hedge Funds Weigh In On iQIYI

A number of large investors have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in iQIYI during the fourth quarter valued at approximately $8,488,000. Marshall Wace LLP raised its stake in shares of iQIYI by 1,423.3% during the 4th quarter. Marshall Wace LLP now owns 2,811,044 shares of the company’s stock worth $5,397,000 after purchasing an additional 2,626,502 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of iQIYI by 393.4% in 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 buying an additional 1,716,011 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of iQIYI by 33.0% in the second quarter. SG Americas Securities LLC now owns 1,571,432 shares of the company’s stock valued at $2,781,000 after buying an additional 390,088 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new position in shares of iQIYI in the fourth quarter valued at $1,205,000. Institutional investors and hedge funds own 52.69% of the company’s stock.

iQIYI Trading Up 2.8%

IQ stock opened at $1.82 on Friday. The business has a fifty day moving average price of $1.96 and a 200 day moving average price of $2.18. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.44 and a quick ratio of 0.44. iQIYI has a fifty-two week low of $1.50 and a fifty-two week high of $2.84. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -30.33 and a beta of 0.09.

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.