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

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) have earned a consensus rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $2.5467.

A number of analysts have commented on the company. Jefferies Financial Group reissued a “buy” rating and set a $2.22 price objective on shares of iQIYI in a report on Thursday, February 26th. Weiss Ratings restated a “sell (d)” rating on shares of iQIYI in a research note on Friday, March 27th. Benchmark restated a “hold” rating on shares of iQIYI in a research note on Tuesday, May 19th. Wall Street Zen downgraded iQIYI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, Zacks Research downgraded iQIYI from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 3rd.

iQIYI Stock Performance

Shares of IQ opened at $1.05 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a 50 day moving average price of $1.22 and a two-hundred day moving average price of $1.63. The firm has a market capitalization of $1.01 billion, a P/E ratio of -10.50 and a beta of 0.19. iQIYI has a 52 week low of $1.03 and a 52 week high of $2.84.

Hedge Funds Weigh In On iQIYI

Several institutional investors and hedge funds have recently bought and sold shares of IQ. Parallel Advisors LLC lifted its stake in shares of iQIYI by 20.8% during the 4th 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 in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of iQIYI by 2.5% in the first quarter. Public Employees Retirement System of Ohio now owns 366,300 shares of the company’s stock worth $495,000 after purchasing an additional 8,900 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of iQIYI by 4.4% in the first 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 bought a new position in shares of iQIYI in the fourth quarter worth $1,205,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of 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 purchasing an additional 1,716,011 shares during the period. 52.69% of the stock is owned by institutional investors.

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.