iQIYI’s (IQ) Negative Rating Reaffirmed at OTR Global

OTR Global reaffirmed their negative rating on shares of iQIYI (NASDAQ:IQ) in a report issued on Wednesday,Benzinga reports.

IQ has been the topic of a number of other reports. Benchmark restated a “hold” rating on shares of iQIYI in a research note on Friday, November 22nd. JPMorgan Chase & Co. cut their target price on shares of iQIYI from $2.50 to $1.80 and set a “neutral” rating on the stock in a research report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.15.

iQIYI Trading Down 5.9 %

Shares of IQ opened at $1.90 on Wednesday. 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 52-week low of $1.88 and a 52-week high of $5.80. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 0.58 and a beta of 0.02. The business’s fifty day moving average is $2.16 and its 200-day moving average is $2.63.

Institutional Trading of iQIYI

Several institutional investors have recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of iQIYI in the 2nd quarter worth approximately $31,000. Sei Investments Co. lifted its holdings in iQIYI by 10.1% in the second quarter. Sei Investments Co. now owns 112,270 shares of the company’s stock valued at $412,000 after buying an additional 10,342 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in iQIYI by 6.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 187,200 shares of the company’s stock valued at $687,000 after acquiring an additional 10,700 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in iQIYI during the 3rd quarter worth about $32,000. Finally, Ground Swell Capital LLC bought a new position in shares of iQIYI in the 3rd quarter worth about $32,000. Institutional investors own 52.69% of the company’s stock.

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.