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

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) have earned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $1.73.

A number of brokerages have weighed in on IQ. Benchmark reiterated a “hold” rating on shares of iQIYI in a research note on Wednesday, August 19th. The Goldman Sachs Group reissued a “neutral” rating and issued a $1.40 target price on shares of iQIYI in a report on Thursday, August 20th. Wall Street Zen raised iQIYI from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 22nd. JPMorgan Chase & Co. dropped their target price on iQIYI from $2.20 to $1.20 and set a “neutral” rating on the stock in a research report on Thursday, August 20th. Finally, Zacks Research upgraded iQIYI from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th.

iQIYI Price Performance

Shares of IQ opened at $0.86 on Thursday. The business’s fifty day simple moving average is $0.96 and its two-hundred day simple moving average is $1.26. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.81. iQIYI has a 12 month low of $0.81 and a 12 month high of $2.32.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IQ. Public Employees Retirement System of Ohio boosted its holdings in iQIYI by 2.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 366,300 shares of the company’s stock worth $495,000 after buying an additional 8,900 shares during the period. Bank of New York Mellon Corp raised its holdings in iQIYI by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 534,118 shares of the company’s stock valued at $721,000 after acquiring an additional 22,662 shares during the period. Tidal Investments LLC bought a new stake in iQIYI during the second quarter valued at about $58,000. Squarepoint Ops LLC raised its holdings in iQIYI by 831.3% during the second quarter. Squarepoint Ops LLC now owns 594,856 shares of the company’s stock valued at $619,000 after acquiring an additional 530,983 shares during the period. Finally, Triata Capital Ltd purchased a new position in shares of iQIYI in the second quarter valued at about $1,152,419. Hedge funds and other institutional investors own 52.69% of the company’s stock.

About iQIYI

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.