Deutsche Bank AG Sells 1,210,317 Shares of iQIYI, Inc. (NASDAQ:IQ)

Deutsche Bank AG cut its position in shares of iQIYI, Inc. (NASDAQ:IQ - Free Report) by 98.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and 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 hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. increased its holdings in shares of iQIYI by 29.9% in the 4th quarter. Vontobel Holding Ltd. now owns 246,907 shares of the company's stock worth $496,000 after buying an additional 56,778 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of iQIYI in the 4th quarter valued at about $468,000. SBI Securities Co. Ltd. purchased a new position in iQIYI in the fourth quarter worth about $32,000. E Fund Management Co. Ltd. increased its stake in iQIYI by 39.6% during the fourth quarter. E Fund Management Co. Ltd. now owns 2,667,758 shares of the company's stock worth $5,362,000 after acquiring an additional 756,552 shares during the last quarter. Finally, River Global Investors LLP raised its position in iQIYI by 37.7% during the fourth quarter. River Global Investors LLP now owns 341,794 shares of the company's stock valued at $689,000 after purchasing an additional 93,561 shares during the period. 52.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on IQ shares. Benchmark reiterated a "hold" rating on shares of iQIYI in a report on Wednesday, February 19th. Wall Street Zen cut shares of iQIYI from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $2.91.

iQIYI Trading Up 1.2%

Shares of iQIYI stock traded up $0.02 on Friday, hitting $1.69. 8,624,949 shares of the company traded hands, compared to its average volume of 22,574,760. iQIYI, Inc. has a 52 week low of $1.50 and a 52 week high of $4.34. The company has a market cap of $1.63 billion, a PE ratio of 16.90, a PEG ratio of 4.13 and a beta of -0.14. The stock's 50 day moving average price is $1.80 and its 200-day moving average price is $2.05. The company has a current ratio of 0.44, a quick ratio of 0.45 and a debt-to-equity ratio of 0.70.

iQIYI (NASDAQ:IQ - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported $0.03 earnings per share 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 during the quarter, compared to analysts' expectations of $7.10 billion. Equities research analysts predict 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.