3,392,222 Shares in iQIYI, Inc. (NASDAQ:IQ) Purchased by Woodline Partners LP

Woodline Partners LP acquired a new position in iQIYI, Inc. (NASDAQ:IQ - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,392,222 shares of the company's stock, valued at approximately $6,818,000. Woodline Partners LP owned about 0.35% of iQIYI at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vident Advisory LLC bought a new position in iQIYI during the fourth quarter worth $33,000. LMR Partners LLP bought a new stake in shares of iQIYI in the 4th quarter worth approximately $237,000. Lighthouse Investment Partners LLC acquired a new position in shares of iQIYI in the fourth quarter valued at $1,410,000. Brevan Howard Capital Management LP increased its holdings in iQIYI by 272.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 670,146 shares of the company's stock valued at $1,347,000 after buying an additional 490,046 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of iQIYI during the 4th quarter worth about $721,000. 52.69% of the stock is owned by institutional investors.

iQIYI Price Performance

Shares of NASDAQ:IQ traded up $0.02 on Tuesday, hitting $1.69. The stock had a trading volume of 23,247,976 shares, compared to its average volume of 22,315,574. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 4.13 and a beta of -0.14. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.45 and a current ratio of 0.44. The firm's 50 day moving average price is $1.90 and its 200-day moving average price is $2.07. iQIYI, Inc. has a twelve month low of $1.50 and a twelve month high of $4.82.

iQIYI (NASDAQ:IQ - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The firm had revenue of $988.19 million during the quarter, compared to analyst estimates of $7.10 billion. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. On average, equities research analysts predict that iQIYI, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a "hold" rating on shares of iQIYI in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.