iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• iQIYI, Inc. has received a consensus recommendation of "Hold" from analysts, with one sell rating, four hold ratings, and three buy ratings across eight research firms.
• The average one-year target price for iQIYI shares is set at $2.5140, with current trading around $2.65.
• Several institutional investors have recently increased their stakes in iQIYI, with Dimensional Fund Advisors boosting their position by 41.6% in the fourth quarter.

iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Get Free Report) has been given a consensus recommendation of "Hold" by the eight research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $2.5140.

IQ has been the topic of several research analyst reports. CLSA upgraded shares of iQIYI from a "hold" rating to a "moderate buy" rating in a research report 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 on the stock in a research report on Thursday, August 21st. Jefferies Financial Group boosted their price objective on shares of iQIYI from $2.10 to $2.50 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen lowered shares of iQIYI from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th.

iQIYI Price Performance

Shares of NASDAQ IQ opened at $2.65 on Friday. The firm has a market capitalization of $2.55 billion, a P/E ratio of 265.27 and a beta of -0.14. iQIYI has a one year low of $1.50 and a one year high of $3.35. The company's fifty day moving average is $1.96 and its two-hundred day moving average is $1.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.42 and a current ratio of 0.42.

Institutional Investors Weigh In On iQIYI

Several institutional investors and hedge funds have recently made changes to their positions in IQ. Dimensional Fund Advisors LP boosted its position in shares of iQIYI by 41.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company's stock worth $22,135,000 after buying an additional 3,235,223 shares in the last quarter. Northern Trust Corp boosted its position in shares of iQIYI by 94.5% in the 4th quarter. Northern Trust Corp now owns 1,230,272 shares of the company's stock worth $2,473,000 after buying an additional 597,819 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of iQIYI in the 4th quarter worth about $721,000. Brevan Howard Capital Management LP lifted its holdings in iQIYI by 272.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 670,146 shares of the company's stock valued at $1,347,000 after purchasing an additional 490,046 shares in the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new position in iQIYI in the 4th quarter valued at about $1,410,000. 52.69% of the stock is currently owned by hedge funds and other institutional investors.

iQIYI Company Profile

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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