Headlands Technologies LLC Has $239,000 Stock Position in iQIYI, Inc. (NASDAQ:IQ)

Headlands Technologies LLC lessened its stake in iQIYI, Inc. (NASDAQ:IQ - Free Report) by 84.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,944 shares of the company's stock after selling 636,199 shares during the period. Headlands Technologies LLC's holdings in iQIYI were worth $239,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IQ. Robeco Institutional Asset Management B.V. lifted its position in shares of iQIYI by 4.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company's stock valued at $48,959,000 after acquiring an additional 1,114,390 shares during the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in shares of iQIYI during the third quarter valued at $835,000. Y Intercept Hong Kong Ltd acquired a new position in shares of iQIYI in the 4th quarter valued at $468,000. Harvest Fund Management Co. Ltd increased its stake in iQIYI by 13.9% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,228,223 shares of the company's stock worth $6,489,000 after purchasing an additional 393,834 shares in the last quarter. Finally, E Fund Management Co. Ltd. increased its stake in iQIYI by 39.6% in the 4th quarter. E Fund Management Co. Ltd. now owns 2,667,758 shares of the company's stock worth $5,362,000 after purchasing an additional 756,552 shares in the last quarter. Institutional investors and hedge funds own 52.69% of the company's stock.

iQIYI Price Performance

NASDAQ:IQ traded down $0.05 during mid-day trading on Thursday, reaching $1.68. 36,052,748 shares of the company were exchanged, compared to its average volume of 19,528,695. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70. The stock has a market cap of $1.61 billion, a PE ratio of 16.75, a PEG ratio of 4.13 and a beta of -0.18. iQIYI, Inc. has a 12 month low of $1.50 and a 12 month high of $5.80. The company has a fifty day moving average of $2.21 and a 200 day moving average of $2.26.

iQIYI (NASDAQ:IQ - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. The company had revenue of $919.56 million during the quarter, compared to the consensus estimate of $6.62 billion. On average, research analysts anticipate that iQIYI, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IQ shares. HSBC raised shares of iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 target price on the stock in a research note on Thursday, January 16th. Benchmark restated a "hold" rating on shares of iQIYI in a research report on Wednesday, February 19th. OTR Global reiterated a "negative" rating on shares of iQIYI in a report on Wednesday, January 8th. Citigroup decreased their price target on shares of iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a report on Thursday, January 16th. Finally, Hsbc Global Res upgraded shares of iQIYI from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus 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.