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

iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) has been given an average recommendation of “Hold” by the four analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $2.5467.

Several equities research analysts recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and set a $2.22 price target on shares of iQIYI in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of iQIYI in a report on Friday, March 27th. Wall Street Zen lowered shares of iQIYI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, Zacks Research upgraded shares of iQIYI from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th.

Hedge Funds Weigh In On iQIYI

Large investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in iQIYI by 20.8% in the fourth quarter. Parallel Advisors LLC now owns 29,472 shares of the company’s stock worth $57,000 after acquiring an additional 5,077 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of iQIYI by 1.6% during the third quarter. Public Employees Retirement System of Ohio now owns 432,300 shares of the company’s stock valued at $1,107,000 after purchasing an additional 6,900 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of iQIYI by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 534,118 shares of the company’s stock worth $721,000 after purchasing an additional 22,662 shares during the period. Catalyst Funds Management Pty Ltd acquired a new stake in shares of iQIYI during the 4th quarter worth approximately $1,205,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 worth $4,864,000 after purchasing an additional 1,716,011 shares during the last quarter. Institutional investors own 52.69% of the company’s stock.

iQIYI Trading Up 2.5%

NASDAQ:IQ opened at $1.23 on Thursday. The company has a market cap of $1.19 billion, a PE ratio of -41.00 and a beta of 0.19. The business’s 50 day moving average is $1.34 and its two-hundred day moving average is $1.79. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.76. iQIYI has a 52 week low of $1.07 and a 52 week high of $2.84.

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.