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

Key Points

• Analysts have a consensus “Hold” rating on iQIYI, with one sell, four hold, and one buy recommendation. The average 12-month price target is $1.73.
• Institutional investors and hedge funds own 52.69% of the stock, with several firms recently increasing their positions or initiating new stakes.
• iQIYI shares opened at $0.83, near their 52-week low of $0.81, versus a 52-week high of $2.36; the company has a market capitalization of approximately $801 million.

iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Get Free Report) has been given a consensus rating of "Hold" by the six analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $1.73.

Several brokerages recently issued reports on IQ. Wall Street Zen raised shares of iQIYI from a "strong sell" rating to a "sell" rating in a report on Saturday, August 22nd. Weiss Ratings reaffirmed a "sell (d)" rating on shares of iQIYI in a research note on Monday, September 21st. Benchmark reaffirmed a "hold" rating on shares of iQIYI in a research note on Wednesday, August 19th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $1.40 price objective on shares of iQIYI in a report on Thursday, August 20th. Finally, Zacks Research upgraded shares of iQIYI from a "strong sell" rating to a "hold" rating in a research note on Monday, July 20th.

Institutional Investors Weigh In On iQIYI

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its position 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 valued at $495,000 after purchasing an additional 8,900 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in iQIYI by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 534,118 shares of the company's stock worth $721,000 after purchasing an additional 22,662 shares in the last quarter. Tidal Investments LLC acquired a new position in iQIYI in the second quarter worth $58,000. Squarepoint Ops LLC grew its holdings in shares of iQIYI by 831.3% during the second quarter. Squarepoint Ops LLC now owns 594,856 shares of the company's stock worth $619,000 after purchasing an additional 530,983 shares during the last quarter. Finally, Triata Capital Ltd bought a new stake in shares of iQIYI during the second quarter worth $1,152,419. 52.69% of the stock is owned by institutional investors and hedge funds.

iQIYI Stock Down 0.9%

Shares of NASDAQ:IQ opened at $0.83 on Thursday. iQIYI has a 52 week low of $0.81 and a 52 week high of $2.36. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.45 and a current ratio of 0.45. The company's fifty day moving average is $0.98 and its 200-day moving average is $1.27. The company has a market capitalization of $800.88 million, a PE ratio of -6.92 and a beta of 0.13.

iQIYI Company Profile

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.

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