iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• iQIYI has a consensus “Hold” rating from six analysts: four rate it a hold, one a sell, and one a buy. The average 12-month price target is $1.73.
• Institutional investors have increased their exposure, including major purchases and position increases by Barrow Hanley, Marshall Wace and UBS Asset Management. Institutions now own 52.69% of iQIYI’s outstanding shares.
• The stock was reported to be up 11.8%, opening at $0.98, with a market capitalization of approximately $949 million and a 52-week trading range of $0.86 to $2.84.

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Get Free Report) have earned a consensus rating of "Hold" from the six analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $1.73.

A number of research analysts have issued reports on the company. Zacks Research upgraded iQIYI from a "strong sell" rating to a "hold" rating in a research report on Monday, July 20th. Weiss Ratings restated a "sell (d)" rating on shares of iQIYI in a research note on Wednesday, June 24th. Wall Street Zen raised shares of iQIYI from a "strong sell" rating to a "sell" rating in a report on Saturday, August 22nd. Benchmark reiterated a "hold" rating on shares of iQIYI in a research report on Wednesday, August 19th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $1.40 price objective on shares of iQIYI in a research note on Thursday, August 20th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in iQIYI during the 4th quarter worth $8,488,000. Marshall Wace LLP raised its position in iQIYI by 1,423.3% in the fourth quarter. Marshall Wace LLP now owns 2,811,044 shares of the company's stock valued at $5,397,000 after purchasing an additional 2,626,502 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of iQIYI by 393.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,152,263 shares of the company's stock valued at $4,864,000 after purchasing an additional 1,716,011 shares in the last quarter. Triata Capital Ltd acquired a new stake in shares of iQIYI during the second quarter valued at about $1,152,419. Finally, Catalyst Funds Management Pty Ltd bought a new stake in shares of iQIYI during the fourth quarter worth about $1,205,000. 52.69% of the stock is currently owned by institutional investors.

iQIYI Trading Up 11.8%

Shares of IQ opened at $0.98 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.45 and a current ratio of 0.45. iQIYI has a 52-week low of $0.86 and a 52-week high of $2.84. The firm has a market cap of $948.99 million, a price-to-earnings ratio of -8.20 and a beta of 0.19. The business's fifty day moving average is $1.14 and its 200-day moving average is $1.21.

iQIYI Company Profile

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.

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