iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Receives $2.57 Consensus PT from Analysts

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) have been given an average rating of “Hold” by the seven research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $2.5740.

A number of research firms recently commented on IQ. Weiss Ratings reaffirmed a “sell (d)” rating on shares of iQIYI in a research note on Monday, December 29th. Morgan Stanley set a $2.10 target price on iQIYI in a research report on Wednesday, November 19th.

iQIYI Price Performance

IQ stock opened at $2.08 on Friday. iQIYI has a one year low of $1.50 and a one year high of $2.84. The firm has a 50-day moving average of $2.06 and a two-hundred day moving average of $2.15. The firm has a market capitalization of $2.00 billion, a PE ratio of -34.67 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.

Hedge Funds Weigh In On iQIYI

A number of hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC boosted its position in iQIYI by 102.3% during the first quarter. HighTower Advisors LLC now owns 15,639 shares of the company’s stock valued at $35,000 after purchasing an additional 698,342 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of iQIYI by 199.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 45,021 shares of the company’s stock worth $80,000 after purchasing an additional 29,999 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of iQIYI by 48.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 425,400 shares of the company’s stock valued at $753,000 after buying an additional 138,300 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of iQIYI by 33.0% in the 2nd 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, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 buying an additional 1,716,011 shares during the last quarter. 52.69% of the stock is owned by institutional investors and hedge funds.

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.