iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Receives Average Rating of “Hold” from Analysts

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

A number of analysts have weighed in on IQ shares. Weiss Ratings restated 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. The Goldman Sachs Group reissued a “neutral” rating and set a $1.40 target price on shares of iQIYI in a research report on Thursday, August 20th. Benchmark restated a “hold” rating on shares of iQIYI in a research note on Wednesday, August 19th. Finally, JPMorgan Chase & Co. lowered their price target on iQIYI from $2.20 to $1.20 and set a “neutral” rating for the company in a report on Thursday, August 20th.

Institutional Investors Weigh In On iQIYI

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new stake in iQIYI during the 2nd quarter valued at approximately $58,000. Public Employees Retirement System of Ohio grew its stake in shares of iQIYI by 2.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 366,300 shares of the company’s stock valued at $495,000 after purchasing an additional 8,900 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of iQIYI by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 534,118 shares of the company’s stock valued at $721,000 after purchasing an additional 22,662 shares during the period. Squarepoint Ops LLC increased its holdings in shares of iQIYI by 831.3% in the second quarter. Squarepoint Ops LLC now owns 594,856 shares of the company’s stock valued at $619,000 after purchasing an additional 530,983 shares during the period. Finally, Triata Capital Ltd purchased a new stake in shares of iQIYI during the second quarter worth approximately $1,152,419. Hedge funds and other institutional investors own 52.69% of the company’s stock.

iQIYI Stock Performance

Shares of iQIYI stock opened at $1.01 on Friday. The business has a 50-day moving average of $1.07 and a 200 day moving average of $1.14. iQIYI has a 12 month low of $0.86 and a 12 month high of $2.44. The stock has a market capitalization of $974.56 million, a price-to-earnings ratio of -8.42 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.

About iQIYI

iQIYI, Inc is a Chinese online entertainment and video platform that provides streaming content through its website and mobile applications. The company offers professionally produced and licensed films, television dramas, variety programs, animations, sports content and other entertainment programming, along with user-generated and short-form video in selected services.

iQIYI generates revenue primarily through membership services, online advertising, content distribution and other digital entertainment offerings.