Robeco Institutional Asset Management B.V. Trims Stock Position in iQIYI, Inc. Sponsored ADR (NASDAQ:IQ)

Robeco Institutional Asset Management B.V. decreased its stake in iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Free Report) by 3.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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.

A number of other hedge funds have also recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in iQIYI during the fourth quarter valued at $32,000. Vident Advisory LLC purchased a new stake in shares of iQIYI during the 4th quarter worth about $33,000. PDS Planning Inc acquired a new stake in shares of iQIYI during the 4th quarter valued at about $35,000. BTG Pactual Asset Management US LLC purchased a new position in shares of iQIYI in the 4th quarter valued at about $37,000. Finally, Corient Private Wealth LLC raised its holdings in iQIYI by 37.3% in the 4th quarter. Corient Private Wealth LLC now owns 28,138 shares of the company's stock worth $57,000 after purchasing an additional 7,645 shares during the period. Hedge funds and other institutional investors own 52.69% of the company's stock.

iQIYI Trading Up 1.7%

IQ opened at $1.78 on Friday. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 44.51 and a beta of -0.18. The company's 50 day simple moving average is $1.79 and its two-hundred day simple moving average is $2.00. iQIYI, Inc. Sponsored ADR has a 1-year low of $1.50 and a 1-year high of $4.24. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.46 and a quick ratio of 0.46.

iQIYI (NASDAQ:IQ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). iQIYI had a return on equity of 3.62% and a net margin of 1.02%. The company had revenue of $988.19 million for the quarter, compared to analysts' expectations of $7.10 billion. Analysts expect that iQIYI, Inc. Sponsored ADR will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered iQIYI from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average 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.

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