Robeco Institutional Asset Management B.V. Sells 739,756 Shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ)

Robeco Institutional Asset Management B.V. trimmed its position in iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,617,898 shares of the company's stock after selling 739,756 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 2.45% of iQIYI worth $53,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of iQIYI during the 4th quarter valued at $32,000. Vident Advisory LLC acquired a new stake in shares of iQIYI during the fourth quarter worth $33,000. PDS Planning Inc bought a new stake in iQIYI in the fourth quarter valued at about $35,000. BTG Pactual Asset Management US LLC acquired a new position in iQIYI in the fourth quarter valued at about $37,000. Finally, Corient Private Wealth LLC boosted its holdings in iQIYI by 37.3% during the fourth quarter. Corient Private Wealth LLC now owns 28,138 shares of the company's stock worth $57,000 after buying an additional 7,645 shares during the last quarter. 52.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut iQIYI from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, iQIYI currently has a consensus rating of "Hold" and an average target price of $2.91.

iQIYI Stock Performance

NASDAQ:IQ remained flat at $1.77 on Monday. The company's stock had a trading volume of 11,457,271 shares, compared to its average volume of 23,278,830. iQIYI, Inc. Sponsored ADR has a 1 year low of $1.50 and a 1 year high of $4.24. The stock's fifty day moving average price is $1.80 and its 200-day moving average price is $1.99. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 44.26 and a beta of -0.18. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.61.

iQIYI (NASDAQ:IQ - Get Free Report) last issued its quarterly earnings data 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 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%. As a group, sell-side analysts expect that iQIYI, Inc. Sponsored ADR will post 0.04 EPS for the current year.

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.