iQIYI, Inc. (NASDAQ:IQ) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its holdings in iQIYI, Inc. (NASDAQ:IQ - Free Report) by 31.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 449,655 shares of the company's stock after selling 206,753 shares during the period. Invesco Ltd.'s holdings in iQIYI were worth $904,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of IQ. Robeco Institutional Asset Management B.V. grew its stake in iQIYI by 4.8% in the fourth 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 period. Y Intercept Hong Kong Ltd bought a new stake in shares of iQIYI in the fourth quarter valued at about $468,000. Harvest Fund Management Co. Ltd increased its stake in iQIYI by 13.9% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,228,223 shares of the company's stock worth $6,489,000 after acquiring an additional 393,834 shares during the period. E Fund Management Co. Ltd. raised its position in iQIYI by 39.6% during the fourth quarter. E Fund Management Co. Ltd. now owns 2,667,758 shares of the company's stock valued at $5,362,000 after purchasing an additional 756,552 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of iQIYI by 16.0% in the 3rd quarter. Franklin Resources Inc. now owns 173,386 shares of the company's stock valued at $496,000 after purchasing an additional 23,926 shares in the last quarter. Institutional investors own 52.69% of the company's stock.

iQIYI Stock Performance

IQ traded down $0.09 during trading on Wednesday, reaching $1.89. 17,359,124 shares of the company's stock were exchanged, compared to its average volume of 21,924,856. iQIYI, Inc. has a 1 year low of $1.50 and a 1 year high of $5.80. The stock has a market capitalization of $1.82 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 4.13 and a beta of -0.14. The company's fifty day simple moving average is $2.02 and its 200-day simple moving average is $2.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.45.

iQIYI (NASDAQ:IQ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating 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 business had revenue of $919.56 million during the quarter, compared to analyst estimates of $6.62 billion. As a group, research analysts predict that iQIYI, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IQ. HSBC raised iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price target on the stock in a research note on Thursday, January 16th. OTR Global reaffirmed a "negative" rating on shares of iQIYI in a research report on Wednesday, January 8th. Benchmark reaffirmed a "hold" rating on shares of iQIYI in a report on Wednesday, February 19th. Hsbc Global Res upgraded shares of iQIYI from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 16th. Finally, Citigroup lowered their target price 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 analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.