Quantbot Technologies LP Makes New $374,000 Investment in iQIYI, Inc. Sponsored ADR $IQ

Key Points

• Quantbot Technologies LP has acquired 165,351 shares of iQIYI, Inc., valued at approximately $374,000, reflecting increased interest in the company's stock from institutional investors.
• iQIYI's stock has recently been rated by analysts with upgrades from UBS Group and CLSA, while Wall Street Zen downgraded it, leading to a consensus rating of "Hold" and a target price of $2.51.
• The company's current market capitalization is approximately $2.26 billion, with a 12-month stock price range from $1.50 to $3.35.

Quantbot Technologies LP purchased a new stake in shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 165,351 shares of the company's stock, valued at approximately $374,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Private Advisor Group LLC bought a new stake in shares of iQIYI during the first quarter valued at about $30,000. Vident Advisory LLC bought a new stake in shares of iQIYI during the fourth quarter valued at about $33,000. Ping Capital Management Inc. bought a new stake in shares of iQIYI during the first quarter valued at about $90,000. Caitong International Asset Management Co. Ltd raised its stake in shares of iQIYI by 15,081.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 44,481 shares of the company's stock valued at $101,000 after purchasing an additional 44,188 shares in the last quarter. Finally, Two Sigma Securities LLC raised its stake in shares of iQIYI by 141.3% during the fourth quarter. Two Sigma Securities LLC now owns 155,717 shares of the company's stock valued at $313,000 after purchasing an additional 91,179 shares in the last quarter. 52.69% of the stock is currently owned by institutional investors.

iQIYI Trading Up 5.6%

NASDAQ IQ traded up $0.14 on Friday, hitting $2.65. 39,732,108 shares of the company were exchanged, compared to its average volume of 25,917,300. The company's 50 day moving average price is $1.96 and its 200-day moving average price is $1.97. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market capitalization of $2.55 billion, a P/E ratio of 265.27 and a beta of -0.14. iQIYI, Inc. Sponsored ADR has a twelve month low of $1.50 and a twelve month high of $3.35.

Analysts Set New Price Targets

IQ has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of iQIYI from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. UBS Group upgraded shares of iQIYI from a "neutral" rating to a "buy" rating and set a $3.32 price objective on the stock in a research note on Thursday, August 21st. Jefferies Financial Group lifted their price objective on shares of iQIYI from $2.10 to $2.50 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Finally, CLSA upgraded shares of iQIYI from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $2.51.

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.