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

Key Points

• iQIYI, Inc. has received a consensus rating of "Hold" from nine brokerages, with two analysts recommending a sell, four a hold, and three a buy.
• The stock's average twelve-month price target is currently set at $2.5140 according to broker reports.
• Institutional investors own approximately 52.69% of iQIYI's stock, with significant increases in stakes by several hedge funds in the recent quarters.

iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nine brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $2.5140.

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of iQIYI in a research note on Tuesday, October 14th. Jefferies Financial Group raised their target price on shares of iQIYI from $2.10 to $2.50 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Wall Street Zen downgraded shares of iQIYI from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Cfra Research downgraded shares of iQIYI from a "hold" rating to a "moderate sell" rating in a research note on Thursday, August 28th. Finally, CLSA raised shares of iQIYI from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, August 19th.

Institutional Investors Weigh In On iQIYI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new stake in iQIYI during the 1st quarter worth $30,000. DRW Securities LLC purchased a new stake in iQIYI during the 1st quarter worth $33,000. SBI Securities Co. Ltd. increased its stake in iQIYI by 199.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 45,021 shares of the company's stock worth $80,000 after buying an additional 29,999 shares during the period. Ping Capital Management Inc. purchased a new stake in iQIYI during the 1st quarter worth $90,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in iQIYI by 15,081.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 44,481 shares of the company's stock worth $101,000 after buying an additional 44,188 shares during the period. Hedge funds and other institutional investors own 52.69% of the company's stock.

iQIYI Stock Performance

Shares of IQ stock opened at $2.03 on Friday. The company's fifty day simple moving average is $2.44 and its 200-day simple moving average is $2.02. iQIYI has a 52 week low of $1.50 and a 52 week high of $2.85. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.95 billion, a PE ratio of 203.20 and a beta of -0.12.

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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