iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) Shares Sold by Nan Fung Trinity HK Ltd.

Key Points

• Nan Fung Trinity HK Ltd. decreased its holdings in iQIYI, Inc. by 29.3%, holding approximately 3.68 million shares after selling 1.53 million shares in the 1st quarter.
• Several institutional investors, including Krane Funds Advisors and Vanguard Group, have increased their stakes in iQIYI, with Krane Funds raising its position by 23.6% during the same period.
• iQIYI's stock currently holds a consensus rating of "Hold," with analysts recently downgrading it from a "Hold" to a "Sell" rating amid concerns over its financial performance.

Nan Fung Trinity HK Ltd. decreased its position in iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Free Report) by 29.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,676,950 shares of the company's stock after selling 1,525,000 shares during the period. iQIYI comprises 1.3% of Nan Fung Trinity HK Ltd.'s investment portfolio, making the stock its 28th biggest position. Nan Fung Trinity HK Ltd. owned approximately 0.38% of iQIYI worth $8,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC grew its position in shares of iQIYI by 23.6% during the 1st quarter. Krane Funds Advisors LLC now owns 26,905,091 shares of the company's stock valued at $60,806,000 after acquiring an additional 5,141,322 shares during the period. Vanguard Group Inc. boosted its position in iQIYI by 2.8% during the fourth 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. Dimensional Fund Advisors LP boosted its position in iQIYI by 41.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company's stock worth $22,135,000 after purchasing an additional 3,235,223 shares in the last quarter. Federated Hermes Inc. grew its holdings in iQIYI by 44.5% in the first quarter. Federated Hermes Inc. now owns 9,370,852 shares of the company's stock valued at $21,178,000 after purchasing an additional 2,886,631 shares during the period. Finally, Barclays PLC increased its position in shares of iQIYI by 78.2% in the fourth quarter. Barclays PLC now owns 3,745,666 shares of the company's stock valued at $7,529,000 after buying an additional 1,643,387 shares in the last quarter. Hedge funds and other institutional investors own 52.69% of the company's stock.

iQIYI Price Performance

Shares of iQIYI stock traded down $0.03 during mid-day trading on Wednesday, reaching $1.86. 19,677,109 shares of the stock traded hands, compared to its average volume of 20,342,072. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average of $1.78 and a 200 day moving average of $1.97. The stock has a market capitalization of $1.79 billion, a PE ratio of 46.51 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 $3.40.

iQIYI (NASDAQ:IQ - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.03 EPS for the quarter, missing the consensus estimate 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 net margin of 1.02% and a return on equity of 3.62%. On average, analysts predict that iQIYI, Inc. Sponsored ADR will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered iQIYI from a "hold" rating to a "sell" rating in a research report on Saturday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, iQIYI presently has an average rating of "Hold" and a consensus price target 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.