iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Stock Has Consensus Price Target of $1.73 According to Brokerages

iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $1.73.

IQ has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on iQIYI from $2.20 to $1.20 and set a “neutral” rating for the company in a report on Thursday, August 20th. Weiss Ratings reissued a “sell (d)” rating on shares of iQIYI in a research note on Monday, September 21st. Zacks Research upgraded iQIYI from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Wall Street Zen raised iQIYI from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 22nd. Finally, Benchmark reiterated a “hold” rating on shares of iQIYI in a report on Wednesday, August 19th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Triata Capital Ltd bought a new stake in shares of iQIYI during the 2nd quarter valued at about $1,152,419. Public Employees Retirement System of Ohio purchased a new position in shares of iQIYI during the second quarter valued at about $580,000. Squarepoint Ops LLC raised its stake in iQIYI by 831.3% in the second quarter. Squarepoint Ops LLC now owns 594,856 shares of the company’s stock worth $619,000 after buying an additional 530,983 shares in the last quarter. Tidal Investments LLC bought a new position in iQIYI in the second quarter worth about $58,000. Finally, Bank of New York Mellon Corp raised its stake in 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 buying an additional 22,662 shares in the last quarter. 52.69% of the stock is currently owned by institutional investors.

iQIYI Stock Down 0.8%

Shares of NASDAQ:IQ opened at $0.83 on Thursday. iQIYI has a 1 year low of $0.81 and a 1 year high of $2.35. The company has a market cap of $796.73 million, a PE ratio of -6.88 and a beta of 0.13. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.45 and a quick ratio of 0.45. The stock’s 50-day moving average is $0.97 and its 200 day moving average is $1.26.

iQIYI Company Profile

iQIYI, Inc is a Chinese online entertainment company that operates the iQIYI streaming platform. The company provides internet video services, including professionally produced television dramas, films, variety shows, documentaries, anime and other entertainment programming. Its content is available through websites and mobile applications, with offerings supported by subscription memberships, advertising and other content-related services.

iQIYI develops and licenses content, including original productions created through its in-house studios and programming obtained from external producers and rights holders.