iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Receives $2.64 Average PT from Analysts

iQIYI, Inc. Sponsored ADR (NASDAQ:IQGet Free Report) has earned an average recommendation of “Hold” from the four analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $2.5467.

Several analysts have issued reports on IQ shares. Morgan Stanley set a $2.10 target price on iQIYI in a research note on Wednesday, November 19th. Jefferies Financial Group restated a “buy” rating and issued a $2.22 price objective on shares of iQIYI in a report on Thursday. Zacks Research downgraded shares of iQIYI from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of iQIYI in a research note on Monday, December 29th.

View Our Latest Stock Report on IQ

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in iQIYI by 33.0% in the 2nd quarter. SG Americas Securities LLC now owns 1,571,432 shares of the company’s stock worth $2,781,000 after buying an additional 390,088 shares during the period. SBI Securities Co. Ltd. increased its stake in iQIYI by 199.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 45,021 shares of the company’s stock worth $80,000 after acquiring an additional 29,999 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in 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 in the last quarter. Marshall Wace LLP raised its position in shares of iQIYI by 1,423.3% during the 4th quarter. Marshall Wace LLP now owns 2,811,044 shares of the company’s stock valued at $5,397,000 after buying an additional 2,626,502 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 valued at $4,864,000 after purchasing an additional 1,716,011 shares during the last quarter. 52.69% of the stock is currently owned by institutional investors.

iQIYI Stock Down 6.4%

IQ stock opened at $1.60 on Friday. iQIYI has a twelve month low of $1.50 and a twelve month high of $2.84. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $1.54 billion, a PE ratio of -53.33 and a beta of 0.09. The stock’s 50 day moving average is $1.94 and its 200-day moving average is $2.17.

Key Stories Impacting iQIYI

Here are the key news stories impacting iQIYI this week:

iQIYI Company Profile

(Get Free Report)

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.

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