iQIYI, Inc. Analysts Rate Stock as 'Reduce'

iQIYI, Inc. (NASDAQ:IQ) has received an average rating of "Reduce" from the five market analysts currently monitoring the stock, according to reports from Marketbeat. Among these analysts, one has placed a sell rating on the stock, while the other four have indicated a hold rating. The analysts have set an average target price of $3.15 for the next 12 months, reflecting their cautious outlook on the company's performance.

Recent Analyst Ratings for iQIYI

iQIYI's stock has been analyzed by several research firms recently. On November 22nd, Benchmark reaffirmed a "hold" rating on the stock. Meanwhile, Nomura Securities also upgraded iQIYI's rating to "hold" in a report published on August 26th. On the same day, JPMorgan Chase & Co. adjusted their price target for iQIYI, lowering it from $2.50 to $1.80 while maintaining a "neutral" rating. Additionally, The Goldman Sachs Group downgraded the company from a "buy" to a "neutral" rating, setting a price target of $2.80 in their report dated August 27th.

Current Stock Performance

As of the last trading session, shares of iQIYI opened at $2.05. The company has a market capitalization of approximately $1.97 billion. Its price-to-earnings ratio stands at 10.25, and the price-to-earnings-growth ratio is recorded at 0.60. Over the recent period, the 50-day moving average price has been around $2.31, while the 200-day moving average price sits at $2.85. Over the past year, iQIYI has experienced a low of $1.89 and a high of $5.80. Financial metrics indicate a debt-to-equity ratio of 0.65, with both a quick ratio and current ratio of 0.45.

Institutional Investments in iQIYI

Recently, institutional investors have taken various positions regarding iQIYI shares. Notably, Garden State Investment Advisory Services LLC acquired a new stake in iQIYI during the third quarter, totaling about $835,000. BNP Paribas Financial Markets, meanwhile, significantly increased its holdings by 77.1% during the same quarter, resulting in ownership of 1,871,931 shares valued at $5,354,000 after acquiring an additional 815,226 shares. Dimensional Fund Advisors also raised its position by 13.5%, owning a total of 5,846,420 shares worth $21,443,000. Furthermore, Genesis Investment Management LLP expanded its shares by 112.1%, leading to ownership of 16,582,183 shares valued at about $47,425,000 after adding 8,765,711 shares. Lastly, SG Americas Securities LLC markedly increased its position by 8,351.7%, obtaining 1,005,249 shares now worth $2,875,000. In total, institutional investors and hedge funds control approximately 52.69% of iQIYI's stock.

About iQIYI, Inc.

iQIYI, Inc., along with its subsidiaries, provides various online entertainment video services within the People's Republic of China. The company delivers a diverse range of products and services that include online video, online games, online literature, animations, and other associated offerings. iQIYI operates a platform hosting an extensive collection of internet video content comprised of professionally produced content from licensed providers and content created by the company itself.

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