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

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) have earned a consensus rating of “Hold” from the four brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has 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 12-month price target among brokerages that have covered the stock in the last year is $2.5467.

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of iQIYI in a report on Friday, March 27th. Jefferies Financial Group reissued a “buy” rating and issued a $2.22 price target on shares of iQIYI in a research note on Thursday, February 26th. Finally, Zacks Research upgraded iQIYI from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its position in shares of iQIYI by 20.8% in the fourth quarter. Parallel Advisors LLC now owns 29,472 shares of the company’s stock valued at $57,000 after acquiring an additional 5,077 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of iQIYI by 1.6% in the 3rd 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 during the period. Catalyst Funds Management Pty Ltd acquired a new position in shares of iQIYI during the 4th quarter worth about $1,205,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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 purchasing an additional 1,716,011 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of iQIYI by 1,423.3% in the 4th quarter. Marshall Wace LLP now owns 2,811,044 shares of the company’s stock valued at $5,397,000 after purchasing an additional 2,626,502 shares during the period. Institutional investors and hedge funds own 52.69% of the company’s stock.

iQIYI Stock Performance

IQ stock opened at $1.40 on Friday. iQIYI has a twelve month low of $1.18 and a twelve month high of $2.84. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.76. The company has a market cap of $1.35 billion, a P/E ratio of -46.67 and a beta of 0.26. The business’s fifty day moving average is $1.49 and its 200-day moving average is $1.90.

About iQIYI

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.