iQIYI, Inc. (NASDAQ:IQ) Position Increased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its stake in iQIYI, Inc. (NASDAQ:IQ - Free Report) by 924.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,600 shares of the company's stock after acquiring an additional 283,900 shares during the period. Public Employees Retirement System of Ohio's holdings in iQIYI were worth $632,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in IQ. Krane Funds Advisors LLC increased its holdings in shares of iQIYI by 82.1% in the 4th quarter. Krane Funds Advisors LLC now owns 21,763,769 shares of the company's stock worth $43,745,000 after acquiring an additional 9,809,187 shares during the period. Woodline Partners LP bought a new position in iQIYI in the 4th quarter worth about $6,818,000. Dimensional Fund Advisors LP increased its stake in shares of iQIYI by 41.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company's stock valued at $22,135,000 after purchasing an additional 3,235,223 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of iQIYI during the fourth quarter valued at approximately $6,297,000. Finally, Norges Bank bought a new stake in shares of iQIYI during the fourth quarter valued at approximately $3,914,000. 52.69% of the stock is owned by institutional investors.

iQIYI Price Performance

Shares of NASDAQ IQ traded up $0.02 during mid-day trading on Friday, reaching $1.69. 8,625,505 shares of the company traded hands, compared to its average volume of 22,699,319. iQIYI, Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $4.32. The firm has a market cap of $1.63 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 4.13 and a beta of -0.18. The stock has a fifty day simple moving average of $1.79 and a 200-day simple moving average of $2.04. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.45.

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 analysts' consensus estimates of $0.05 by ($0.02). iQIYI had a net margin of 2.62% and a return on equity of 7.62%. The firm had revenue of $988.19 million for the quarter, compared to the consensus estimate of $7.10 billion. Equities research analysts anticipate that iQIYI, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Benchmark reissued a "hold" rating on shares of iQIYI in a report on Wednesday, February 19th. Wall Street Zen cut 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 given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $2.91.

iQIYI Company 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.