iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Given Average Rating of "Hold" by Analysts

Key Points

• iQIYI, Inc. has received an average recommendation of "Hold" from analysts, with one sell rating, four hold ratings, and three buy ratings from eight research firms.
• The average 12-month target price for iQIYI shares is $2.5140, with recent ratings reflecting varying target price adjustments by different analysts.
• Institutional investors currently hold 52.69% of iQIYI's stock, indicating significant institutional interest and recent activity in buying and selling shares.

Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Get Free Report) have been given an average recommendation of "Hold" by the eight research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $2.5140.

IQ has been the subject of several research reports. Wall Street Zen lowered shares of iQIYI from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Jefferies Financial Group increased their price target on shares of iQIYI from $2.10 to $2.50 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. CLSA upgraded shares of iQIYI from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, August 19th. UBS Group upgraded shares of iQIYI from a "neutral" rating to a "buy" rating and set a $3.32 price objective for the company in a research note on Thursday, August 21st. Finally, Cfra Research lowered shares of iQIYI from a "hold" rating to a "moderate sell" rating in a research note on Thursday, August 28th.

iQIYI Price Performance

Shares of NASDAQ IQ opened at $2.65 on Wednesday. iQIYI has a 1 year low of $1.50 and a 1 year high of $3.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.42 and a quick ratio of 0.42. The company's 50-day moving average is $2.26 and its 200 day moving average is $2.01. The stock has a market capitalization of $2.55 billion, a P/E ratio of 265.27 and a beta of -0.14.

Institutional Trading of iQIYI

A number of institutional investors and hedge funds have recently bought and sold shares of IQ. Private Advisor Group LLC bought a new stake in iQIYI during the 1st quarter valued at about $30,000. Vident Advisory LLC purchased a new stake in shares of iQIYI during the 4th quarter valued at about $33,000. DRW Securities LLC purchased a new stake in shares of iQIYI during the 1st quarter valued at about $33,000. HighTower Advisors LLC boosted its holdings in shares of iQIYI by 102.3% during the 1st quarter. HighTower Advisors LLC now owns 15,639 shares of the company's stock valued at $35,000 after acquiring an additional 698,342 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of iQIYI by 199.7% during 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. 52.69% of the stock is currently owned by institutional investors.

About iQIYI

iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.

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