iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Receives $2.55 Average PT from Analysts

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) have earned an average rating of “Hold” from the five analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $2.5467.

Several brokerages have recently issued reports on IQ. Benchmark restated a “hold” rating on shares of iQIYI in a research report on Tuesday, May 19th. Zacks Research upgraded iQIYI from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings reissued a “sell (d)” rating on shares of iQIYI in a research note on Wednesday, June 24th. Finally, Wall Street Zen lowered shares of iQIYI from a “hold” rating to a “sell” rating in a report on Sunday, April 26th.

Hedge Funds Weigh In On iQIYI

Institutional investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of iQIYI by 20.8% during the fourth quarter. Parallel Advisors LLC now owns 29,472 shares of the company’s stock valued at $57,000 after buying an additional 5,077 shares during the period. Public Employees Retirement System of Ohio grew its stake in iQIYI by 2.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 366,300 shares of the company’s stock worth $495,000 after acquiring an additional 8,900 shares during the period. Bank of New York Mellon Corp grew its stake in 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. Catalyst Funds Management Pty Ltd acquired a new position in iQIYI in the 4th quarter valued at $1,205,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 acquiring an additional 1,716,011 shares during the last quarter. Institutional investors and hedge funds own 52.69% of the company’s stock.

iQIYI Price Performance

IQ stock opened at $1.33 on Friday. The stock’s 50 day moving average price is $1.16 and its 200 day moving average price is $1.32. The firm has a market cap of $1.28 billion, a P/E ratio of -13.30 and a beta of 0.19. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.45 and a current ratio of 0.45. iQIYI has a 1 year low of $0.95 and a 1 year high of $2.84.

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.