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

iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) has received an average rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $2.5467.

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of iQIYI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Benchmark restated a “hold” rating on shares of iQIYI in a research report on Tuesday, May 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of iQIYI in a research note on Wednesday, June 24th. Finally, Zacks Research upgraded iQIYI from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th.

Institutional Trading of iQIYI

Large investors have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in 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 purchasing an additional 1,716,011 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of iQIYI by 1.6% in 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 buying an additional 6,900 shares during the last quarter. Catalyst Funds Management Pty Ltd acquired a new stake in shares of iQIYI in the fourth quarter valued at about $1,205,000. Parallel Advisors LLC lifted its stake in shares of 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 buying an additional 5,077 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of iQIYI in the fourth quarter worth about $8,488,000. 52.69% of the stock is currently owned by hedge funds and other institutional investors.

iQIYI Trading Up 0.8%

Shares of NASDAQ:IQ opened at $1.23 on Tuesday. The business’s 50 day moving average price is $1.09 and its 200-day moving average price is $1.39. iQIYI has a 1 year low of $0.95 and a 1 year high of $2.84. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -12.30 and a beta of 0.19. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.45 and a quick ratio of 0.45.

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.