GF Fund Management CO. LTD. Invests $1.69 Million in iQIYI, Inc. (NASDAQ:IQ)

GF Fund Management CO. LTD. bought a new stake in shares of iQIYI, Inc. (NASDAQ:IQ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 842,080 shares of the company's stock, valued at approximately $1,693,000. GF Fund Management CO. LTD. owned approximately 0.09% of iQIYI at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IQ. SBI Securities Co. Ltd. acquired a new position in shares of iQIYI during the 4th quarter valued at $32,000. Vident Advisory LLC acquired a new position in shares of iQIYI during the 4th quarter valued at $33,000. PDS Planning Inc acquired a new position in shares of iQIYI during the 4th quarter valued at $35,000. BTG Pactual Asset Management US LLC acquired a new position in shares of iQIYI during the 4th quarter valued at $37,000. Finally, Ballentine Partners LLC acquired a new position in shares of iQIYI during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 52.69% of the company's stock.

Wall Street Analyst Weigh In

Separately, Benchmark restated a "hold" rating on shares of iQIYI in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, iQIYI has an average rating of "Hold" and an average price target of $2.91.

iQIYI Stock Up 1.9%

iQIYI stock traded up $0.03 during midday trading on Thursday, hitting $1.65. 19,405,573 shares of the stock were exchanged, compared to its average volume of 22,407,673. iQIYI, Inc. has a 1 year low of $1.50 and a 1 year high of $4.79. The firm has a market cap of $1.59 billion, a P/E ratio of 16.50, a P/E/G ratio of 4.13 and a beta of -0.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.45. The company has a 50 day moving average price of $1.87 and a two-hundred day moving average price of $2.07.

iQIYI (NASDAQ:IQ - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). iQIYI had a return on equity of 7.62% and a net margin of 2.62%. The firm had revenue of $988.19 million for the quarter, compared to analysts' expectations of $7.10 billion. On average, sell-side analysts predict that iQIYI, Inc. will post 0.04 earnings per share for the current fiscal year.

iQIYI 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.