iQIYI (NASDAQ:IQ) Upgraded by Hsbc Global Res to Hold Rating

Hsbc Global Res upgraded shares of iQIYI (NASDAQ:IQ) from a moderate sell rating to a hold rating in a report issued on Thursday,Zacks.com reports.

IQ has been the topic of a number of other research reports. Benchmark reiterated a “hold” rating on shares of iQIYI in a research note on Friday, November 22nd. Citigroup dropped their price target on shares of iQIYI from $3.00 to $2.80 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. decreased their price objective on shares of iQIYI from $2.50 to $1.80 and set a “neutral” rating for the company in a research report on Friday, November 22nd. HSBC raised iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 target price on the stock in a research report on Thursday. Finally, OTR Global reissued a “negative” rating on shares of iQIYI in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $2.91.

iQIYI Trading Up 3.7 %

NASDAQ IQ opened at $1.94 on Thursday. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 1.99 and a beta of 0.02. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.45. iQIYI has a one year low of $1.82 and a one year high of $5.80. The company’s 50 day moving average price is $2.10 and its 200 day moving average price is $2.57.

Institutional Investors Weigh In On iQIYI

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of iQIYI during the second quarter valued at $31,000. Ground Swell Capital LLC purchased a new position in shares of iQIYI during the third quarter valued at $32,000. Flow Traders U.S. LLC acquired a new position in iQIYI during the third quarter valued at $32,000. Seven Eight Capital LP purchased a new stake in iQIYI in the 2nd quarter worth about $42,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in iQIYI during the 2nd quarter worth about $46,000. 52.69% of the stock is owned by institutional investors and hedge funds.

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.