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

iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $2.5140.

IQ has been the topic of several recent research reports. CLSA raised iQIYI from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 19th. Wall Street Zen cut shares of iQIYI from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of iQIYI in a research report on Tuesday, October 14th. Cfra Research cut shares of iQIYI from a “hold” rating to a “moderate sell” rating in a research note on Thursday, August 28th. Finally, UBS Group upgraded shares of iQIYI from a “neutral” rating to a “buy” rating and set a $3.32 target price on the stock in a research note on Thursday, August 21st.

iQIYI Price Performance

Shares of iQIYI stock opened at $2.16 on Thursday. The stock has a market cap of $2.08 billion, a P/E ratio of 216.22 and a beta of -0.09. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.42 and a current ratio of 0.42. The stock’s fifty day moving average is $2.41 and its 200 day moving average is $2.09. iQIYI has a one year low of $1.50 and a one year high of $2.84.

Hedge Funds Weigh In On iQIYI

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in iQIYI by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 18,956,694 shares of the company’s stock worth $42,842,000 after purchasing an additional 663,609 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of iQIYI by 247.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,884,384 shares of the company’s stock worth $4,259,000 after buying an additional 1,341,745 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of iQIYI during the first quarter worth $374,000. Causeway Capital Management LLC boosted its position in shares of iQIYI by 29.0% during the first quarter. Causeway Capital Management LLC now owns 2,896,200 shares of the company’s stock worth $6,545,000 after acquiring an additional 651,500 shares during the last quarter. Finally, Nomura Holdings Inc. grew its stake in iQIYI by 461.7% during the first quarter. Nomura Holdings Inc. now owns 1,614,192 shares of the company’s stock valued at $3,648,000 after acquiring an additional 1,326,830 shares in the last quarter. Institutional investors own 52.69% of the company’s stock.

iQIYI Company Profile

iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.