Nomura Holdings Inc. Has $578,000 Stock Position in iQIYI, Inc. (NASDAQ:IQ)

Nomura Holdings Inc. lessened its holdings in shares of iQIYI, Inc. (NASDAQ:IQ - Free Report) by 60.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 287,362 shares of the company's stock after selling 432,576 shares during the quarter. Nomura Holdings Inc.'s holdings in iQIYI were worth $578,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. raised its position in shares of iQIYI by 4.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company's stock valued at $48,959,000 after purchasing an additional 1,114,390 shares during the period. Lighthouse Investment Partners LLC acquired a new position in iQIYI in the 4th quarter valued at about $1,410,000. Y Intercept Hong Kong Ltd bought a new position in iQIYI in the 4th quarter valued at about $468,000. Harvest Fund Management Co. Ltd lifted its position in iQIYI by 13.9% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,228,223 shares of the company's stock worth $6,489,000 after acquiring an additional 393,834 shares during the last quarter. Finally, E Fund Management Co. Ltd. boosted its holdings in shares of 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 period. Institutional investors own 52.69% of the company's stock.

Analyst Ratings Changes

Separately, Benchmark reiterated a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. One investment analyst has 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $2.91.

iQIYI Stock Performance

NASDAQ IQ traded down $0.02 during trading on Monday, reaching $1.67. The company's stock had a trading volume of 19,693,794 shares, compared to its average volume of 22,311,775. The firm has a 50 day moving average price of $1.91 and a 200 day moving average price of $2.08. iQIYI, Inc. has a 12 month low of $1.50 and a 12 month high of $4.82. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 4.13 and a beta of -0.14. 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 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). The company had revenue of $988.19 million during the quarter, compared to the consensus estimate of $7.10 billion. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. As a group, equities analysts anticipate that iQIYI, Inc. will post 0.04 EPS for the current fiscal year.

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.