Vontobel Holding Ltd. Has $69,000 Stock Holdings in iQIYI, Inc. Sponsored ADR (NASDAQ:IQ)

Vontobel Holding Ltd. cut its stake in shares of iQIYI, Inc. Sponsored ADR (NASDAQ:IQ - Free Report) by 87.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,513 shares of the company's stock after selling 216,394 shares during the period. Vontobel Holding Ltd.'s holdings in iQIYI were worth $69,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Krane Funds Advisors LLC raised its stake in iQIYI by 82.1% in the fourth quarter. Krane Funds Advisors LLC now owns 21,763,769 shares of the company's stock valued at $43,745,000 after buying an additional 9,809,187 shares during the period. Vanguard Group Inc. raised its stake in iQIYI by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 18,293,085 shares of the company's stock valued at $36,769,000 after buying an additional 502,154 shares during the period. Dimensional Fund Advisors LP raised its stake in 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 buying an additional 3,235,223 shares during the period. Barclays PLC raised its stake in 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 during the period. Finally, Woodline Partners LP bought a new stake in iQIYI in the fourth quarter valued at approximately $6,818,000. 52.69% of the stock is owned by institutional investors and hedge funds.

iQIYI Trading Down 0.5%

NASDAQ IQ opened at $1.82 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.61. iQIYI, Inc. Sponsored ADR has a twelve month low of $1.50 and a twelve month high of $4.24. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 45.51 and a beta of -0.17. The business's fifty day moving average is $1.78 and its 200 day moving average is $1.98.

iQIYI (NASDAQ:IQ - Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate of $7.10 billion. iQIYI had a return on equity of 3.62% and a net margin of 1.02%. As a group, sell-side analysts expect that iQIYI, Inc. Sponsored ADR will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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