iQIYI, Inc. (NASDAQ:IQ) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in iQIYI, Inc. (NASDAQ:IQ - Free Report) by 41.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,011,033 shares of the company's stock after acquiring an additional 3,235,223 shares during the quarter. Dimensional Fund Advisors LP owned 1.15% of iQIYI worth $22,135,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Corient Private Wealth LLC grew 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 valued at $57,000 after buying an additional 7,645 shares in the last quarter. IvyRock Asset Management HK Ltd raised its stake in shares of iQIYI by 20.0% in the 4th quarter. IvyRock Asset Management HK Ltd now owns 60,000 shares of the company's stock valued at $121,000 after acquiring an additional 10,000 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of iQIYI in the 4th quarter valued at approximately $32,000. PDS Planning Inc acquired a new position in iQIYI during the fourth quarter worth $35,000. Finally, BTG Pactual Asset Management US LLC purchased a new position in iQIYI during the 4th quarter valued at about $37,000. 52.69% of the stock is currently owned by hedge funds and other institutional investors.

iQIYI Trading Up 4.5%

iQIYI stock traded up $0.09 during trading on Monday, reaching $1.97. The company had a trading volume of 9,257,521 shares, compared to its average volume of 21,994,206. iQIYI, Inc. has a 12-month low of $1.50 and a 12-month high of $5.80. The stock's 50 day moving average price is $2.01 and its two-hundred day moving average price is $2.13. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 19.65, a PEG 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.

iQIYI (NASDAQ:IQ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. The firm had revenue of $919.56 million for the quarter, compared to analyst estimates of $6.62 billion. As a group, equities analysts expect that iQIYI, Inc. will post 0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IQ has been the subject of several research reports. Benchmark restated a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. Hsbc Global Res upgraded shares of iQIYI from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 16th. HSBC raised iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price objective for the company in a report on Thursday, January 16th. Finally, Citigroup reduced their price objective on iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $2.91.

iQIYI 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.