GF Fund Management CO. LTD. Has $1.17 Million Stake in iQIYI, Inc. Sponsored ADR (NASDAQ:IQ)

GF Fund Management CO. LTD. trimmed its position in iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Free Report) by 38.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518,734 shares of the company's stock after selling 323,346 shares during the quarter. GF Fund Management CO. LTD. owned 0.05% of iQIYI worth $1,172,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IQ. Lighthouse Investment Partners LLC acquired a new stake in iQIYI during the fourth quarter worth approximately $1,410,000. Harvest Fund Management Co. Ltd grew its holdings 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 purchasing an additional 393,834 shares in the last quarter. Northern Trust Corp grew its holdings 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 purchasing an additional 597,819 shares in the last quarter. E Fund Management Co. Ltd. grew its holdings 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 purchasing an additional 756,552 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings 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 purchasing an additional 502,154 shares in the last quarter. 52.69% of the stock is owned by institutional investors and hedge funds.

iQIYI Price Performance

Shares of IQ stock traded down $0.01 during trading hours on Monday, reaching $1.77. The company's stock had a trading volume of 22,044,311 shares, compared to its average volume of 23,415,712. The firm's 50 day simple moving average is $1.78 and its 200-day simple moving average is $1.98. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 44.26 and a beta of -0.17. iQIYI, Inc. Sponsored ADR has a fifty-two week low of $1.50 and a fifty-two week high of $4.24. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.61.

iQIYI (NASDAQ:IQ - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $988.19 million during the quarter, compared to analyst estimates of $7.10 billion. iQIYI had a net margin of 1.02% and a return on equity of 3.62%. Sell-side analysts forecast that iQIYI, Inc. Sponsored ADR will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of 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 given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, iQIYI presently has a consensus rating of "Hold" and a consensus target price of $2.91.

About iQIYI

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.