iQIYI's (IQ) Sell (D+) Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a **"sell (D+)"** rating for iQIYI, reflecting ongoing concerns among analysts about the company's stock performance.
• iQIYI's stock has recently traded down **2.0%**, reaching **$2.20**, with an average target price set at **$2.51** amid mixed ratings from multiple analysts.
• Institutional investors hold a substantial **52.69%** of iQIYI's shares, with recent increases in positions from several hedge funds indicating potential interest in the company's future prospects.

iQIYI (NASDAQ:IQ - Get Free Report)'s stock had its "sell (d+)" rating restated by stock analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

Other equities research analysts have also issued reports about the company. Cfra Research lowered iQIYI from a "hold" rating to a "moderate sell" rating in a research note on Thursday, August 28th. UBS Group upgraded iQIYI from a "neutral" rating to a "buy" rating and set a $3.32 target price for the company in a research note on Thursday, August 21st. CLSA upgraded iQIYI from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, August 19th. Wall Street Zen lowered iQIYI from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Finally, Jefferies Financial Group increased their target price on iQIYI from $2.10 to $2.50 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $2.51.

iQIYI Trading Down 2.0%

NASDAQ:IQ traded down $0.05 on Tuesday, hitting $2.20. 3,242,879 shares of the stock were exchanged, compared to its average volume of 26,464,410. The stock has a market cap of $2.11 billion, a PE ratio of 219.72 and a beta of -0.12. 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 stock has a fifty day moving average of $2.42 and a 200-day moving average of $2.03. iQIYI has a fifty-two week low of $1.50 and a fifty-two week high of $2.85.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC acquired a new position in shares of iQIYI in the 1st quarter worth approximately $30,000. DRW Securities LLC bought a new stake in shares of iQIYI in the 1st quarter worth approximately $33,000. HighTower Advisors LLC lifted its holdings in shares of iQIYI by 102.3% in the 1st quarter. HighTower Advisors LLC now owns 15,639 shares of the company's stock worth $35,000 after purchasing an additional 698,342 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of iQIYI by 199.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 45,021 shares of the company's stock worth $80,000 after purchasing an additional 29,999 shares during the last quarter. Finally, Ping Capital Management Inc. bought a new stake in shares of iQIYI in the 1st quarter worth approximately $90,000. Institutional investors and hedge funds own 52.69% of the company's stock.

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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