iQIYI, Inc. (NASDAQ:IQ) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its stake in shares of iQIYI, Inc. (NASDAQ:IQ - Free Report) by 98.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,698 shares of the company's stock after selling 1,210,317 shares during the period. Deutsche Bank AG's holdings in iQIYI were worth $36,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd purchased a new position in shares of iQIYI during the 4th quarter worth approximately $468,000. Harvest Fund Management Co. Ltd raised its stake in shares of iQIYI by 13.9% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,228,223 shares of the company's stock worth $6,489,000 after buying an additional 393,834 shares in the last quarter. Northern Trust Corp raised its stake in shares of iQIYI by 94.5% during the 4th quarter. Northern Trust Corp now owns 1,230,272 shares of the company's stock worth $2,473,000 after buying an additional 597,819 shares in the last quarter. E Fund Management Co. Ltd. raised its stake in shares of iQIYI by 39.6% during the 4th quarter. E Fund Management Co. Ltd. now owns 2,667,758 shares of the company's stock worth $5,362,000 after buying an additional 756,552 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of iQIYI by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 18,293,085 shares of the company's stock worth $36,769,000 after buying an additional 502,154 shares in the last quarter. 52.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IQ has been the subject of a number of analyst reports. Benchmark reissued a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. Wall Street Zen downgraded iQIYI from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $2.91.

iQIYI Price Performance

Shares of IQ traded up $0.02 on Friday, reaching $1.69. The stock had a trading volume of 8,625,505 shares, compared to its average volume of 22,699,319. The firm has a market capitalization of $1.63 billion, a PE ratio of 16.90, a PEG ratio of 4.13 and a beta of -0.18. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average of $1.79 and a 200 day moving average of $2.04. iQIYI, Inc. has a twelve month low of $1.50 and a twelve month high of $4.32.

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