iQIYI, Inc. (NASDAQ:IQ) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its position in shares of iQIYI, Inc. (NASDAQ:IQ - Free Report) by 14.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,153,225 shares of the company's stock after purchasing an additional 1,549,805 shares during the quarter. Federated Hermes Inc. owned 1.28% of iQIYI worth $59,308,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of iQIYI by 92.1% in the first quarter. FMR LLC now owns 6,366 shares of the company's stock worth $46,000 after buying an additional 3,052 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in iQIYI in the third quarter worth $49,000. Mariner LLC bought a new stake in iQIYI in the third quarter worth $53,000. Ballentine Partners LLC bought a new stake in iQIYI in the fourth quarter worth $54,000. Finally, Cubist Systematic Strategies LLC increased its position in iQIYI by 1,404.1% in the second quarter. Cubist Systematic Strategies LLC now owns 13,101 shares of the company's stock worth $55,000 after purchasing an additional 12,230 shares during the last quarter. Hedge funds and other institutional investors own 52.69% of the company's stock.

iQIYI Trading Down 2.6 %

IQ stock traded down $0.11 during mid-day trading on Friday, reaching $4.09. 5,884,528 shares of the stock traded hands, compared to its average volume of 6,032,416. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.57 and a current ratio of 0.57. iQIYI, Inc. has a one year low of $3.06 and a one year high of $6.99. The stock has a market capitalization of $3.92 billion, a PE ratio of 18.59 and a beta of 0.27. The business has a 50-day moving average price of $3.95 and a two-hundred day moving average price of $4.29.

iQIYI (NASDAQ:IQ - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.08 billion. Equities research analysts expect that iQIYI, Inc. will post 0.38 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, OTR Global restated a "mixed" rating on shares of iQIYI in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, iQIYI has a consensus rating of "Hold" and an average price target of $6.54.

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.