Catalyst Funds Management Pty Ltd Makes New $1.21 Million Investment in iQIYI, Inc. Sponsored ADR $IQ

Catalyst Funds Management Pty Ltd purchased a new position in shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) during the fourth quarter, Holdings Channel.com reports. The firm purchased 627,600 shares of the company’s stock, valued at approximately $1,205,000.

Separately, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of iQIYI by 393.4% during 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 buying an additional 1,716,011 shares in the last quarter. 52.69% of the stock is currently owned by institutional investors and hedge funds.

iQIYI Price Performance

Shares of IQ opened at $1.09 on Friday. iQIYI, Inc. Sponsored ADR has a 12-month low of $1.04 and a 12-month high of $2.84. The business’s fifty day moving average is $1.25 and its 200 day moving average is $1.71. The company has a quick ratio of 0.47, a current ratio of 0.45 and a debt-to-equity ratio of 0.79. The stock has a market cap of $1.05 billion, a P/E ratio of -10.90 and a beta of 0.19.

Analyst Ratings Changes

A number of equities analysts have issued reports on IQ shares. Jefferies Financial Group restated a “buy” rating and set a $2.22 price target on shares of iQIYI in a report on Thursday, February 26th. Weiss Ratings restated a “sell (d)” rating on shares of iQIYI in a report on Friday, March 27th. Wall Street Zen cut iQIYI from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Benchmark restated a “hold” rating on shares of iQIYI in a report on Tuesday, May 19th. Finally, Zacks Research upgraded iQIYI from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $2.55.

iQIYI 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.