iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Receives $2.55 Consensus Target Price from Analysts

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) have earned an average rating of “Hold” from the four analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $2.5467.

Several research analysts have commented on IQ shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $2.22 price target on shares of iQIYI in a research report on Thursday, February 26th. Zacks Research raised iQIYI from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Wall Street Zen downgraded shares of iQIYI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of iQIYI in a research report on Friday, March 27th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of iQIYI in the fourth quarter valued at about $8,488,000. Marshall Wace LLP increased its stake in iQIYI by 1,423.3% during the fourth quarter. Marshall Wace LLP now owns 2,811,044 shares of the company’s stock valued at $5,397,000 after acquiring an additional 2,626,502 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in 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 acquiring an additional 1,716,011 shares during the period. Catalyst Funds Management Pty Ltd acquired a new position in iQIYI in the 4th quarter valued at approximately $1,205,000. Finally, Bank of New York Mellon Corp lifted its position in shares of iQIYI by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 534,118 shares of the company’s stock worth $721,000 after acquiring an additional 22,662 shares during the period. Institutional investors and hedge funds own 52.69% of the company’s stock.

iQIYI Trading Up 2.6%

iQIYI stock opened at $1.18 on Thursday. iQIYI has a 52 week low of $1.07 and a 52 week high of $2.84. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $1.14 billion, a PE ratio of -39.33 and a beta of 0.19. The business’s 50-day simple moving average is $1.29 and its 200-day simple moving average is $1.76.

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.