iQIYI (NASDAQ:IQ) Given “Negative” Rating at OTR Global

iQIYI (NASDAQ:IQ)‘s stock had its “negative” rating restated by research analysts at OTR Global in a research note issued on Wednesday,Benzinga reports.

IQ has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their target price on iQIYI from $2.50 to $1.80 and set a “neutral” rating on the stock in a research report on Friday, November 22nd. Benchmark reissued a “hold” rating on shares of iQIYI in a report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.15.

iQIYI Price Performance

IQ traded down $0.01 on Wednesday, reaching $2.02. The stock had a trading volume of 12,870,439 shares, compared to its average volume of 14,782,113. The firm has a 50-day moving average of $2.19 and a 200-day moving average of $2.65. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65. iQIYI has a fifty-two week low of $1.89 and a fifty-two week high of $5.80. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 0.58 and a beta of 0.02.

Institutional Trading of iQIYI

A number of large investors have recently added to or reduced their stakes in IQ. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of iQIYI in the 2nd quarter valued at $31,000. Sei Investments Co. lifted its position in iQIYI by 10.1% during the 2nd quarter. Sei Investments Co. now owns 112,270 shares of the company’s stock worth $412,000 after acquiring an additional 10,342 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of iQIYI by 6.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 187,200 shares of the company’s stock worth $687,000 after acquiring an additional 10,700 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of iQIYI during the 3rd quarter valued at about $32,000. Finally, Ground Swell Capital LLC acquired a new position in iQIYI in the third quarter valued at approximately $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.