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

iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) has been given an average recommendation of “Hold” by the four analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $2.5467.

Several research analysts have recently issued reports on IQ shares. Jefferies Financial Group reiterated a “buy” rating and issued a $2.22 price objective on shares of iQIYI in a report on Thursday, February 26th. Zacks Research raised iQIYI from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of iQIYI in a research report on Monday, December 29th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in iQIYI by 20.8% during the fourth quarter. Parallel Advisors LLC now owns 29,472 shares of the company’s stock worth $57,000 after acquiring an additional 5,077 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in iQIYI by 1.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 432,300 shares of the company’s stock valued at $1,107,000 after acquiring an additional 6,900 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in iQIYI by 199.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 45,021 shares of the company’s stock valued at $80,000 after acquiring an additional 29,999 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of iQIYI by 33.0% during the 2nd quarter. SG Americas Securities LLC now owns 1,571,432 shares of the company’s stock valued at $2,781,000 after purchasing an additional 390,088 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new position in shares of iQIYI during the 4th quarter valued at about $1,205,000. Institutional investors own 52.69% of the company’s stock.

iQIYI Stock Down 1.6%

iQIYI stock opened at $1.23 on Wednesday. iQIYI has a 52 week low of $1.18 and a 52 week high of $2.84. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -41.00 and a beta of 0.10. The company’s 50-day moving average price is $1.72 and its two-hundred day moving average price is $2.05. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76.

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.