Schonfeld Strategic Advisors LLC Takes Position in iQIYI, Inc. (NASDAQ:IQ)

Schonfeld Strategic Advisors LLC bought a new position in shares of iQIYI, Inc. (NASDAQ:IQ - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 358,927 shares of the company's stock, valued at approximately $721,000.

Several other hedge funds have also added to or reduced their stakes in the company. Krane Funds Advisors LLC grew its position in shares of iQIYI by 82.1% during the 4th quarter. Krane Funds Advisors LLC now owns 21,763,769 shares of the company's stock worth $43,745,000 after purchasing an additional 9,809,187 shares in the last quarter. Dimensional Fund Advisors LP grew its position in iQIYI by 41.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company's stock worth $22,135,000 after buying an additional 3,235,223 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in iQIYI during the 4th quarter worth $6,297,000. Norges Bank acquired a new position in iQIYI in the 4th quarter valued at $3,914,000. Finally, Barclays PLC grew its holdings in shares of iQIYI by 78.2% during the 4th quarter. Barclays PLC now owns 3,745,666 shares of the company's stock worth $7,529,000 after purchasing an additional 1,643,387 shares in the last quarter. 52.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IQ. Citigroup decreased their price objective on shares of iQIYI from $3.00 to $2.80 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Benchmark reissued a "hold" rating on shares of iQIYI in a report on Wednesday, February 19th. Hsbc Global Res raised shares of iQIYI from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 16th. Finally, HSBC raised shares of iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price objective 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 given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $2.91.

iQIYI Stock Down 2.1 %

NASDAQ:IQ opened at $1.88 on Friday. 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, Inc. has a one year low of $1.50 and a one year high of $5.80. The firm's 50 day simple moving average is $2.01 and its 200 day simple moving average is $2.14. The company has a market cap of $1.81 billion, a PE ratio of 18.80, a P/E/G ratio of 4.13 and a beta of -0.14.

iQIYI (NASDAQ:IQ - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.03) earnings per share for the quarter, topping 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 company had revenue of $919.56 million for the quarter, compared to analysts' expectations of $6.62 billion. On average, research analysts anticipate that iQIYI, Inc. will post 0.04 earnings per share for the current year.

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.

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