Vanguard Group Inc. lifted its position in shares of iQIYI, Inc. (NASDAQ:IQ - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,293,085 shares of the company's stock after acquiring an additional 502,154 shares during the quarter. Vanguard Group Inc. owned 1.91% of iQIYI worth $36,769,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of IQ. Robeco Institutional Asset Management B.V. raised its position in iQIYI by 4.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company's stock worth $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 iQIYI in the 3rd quarter valued at approximately $835,000. Y Intercept Hong Kong Ltd acquired a new stake in iQIYI during the 4th quarter valued at $468,000. Harvest Fund Management Co. Ltd increased its position in iQIYI by 13.9% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,228,223 shares of the company's stock worth $6,489,000 after buying an additional 393,834 shares in the last quarter. Finally, E Fund Management Co. Ltd. increased 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 worth $5,362,000 after buying an additional 756,552 shares in the last quarter. Institutional investors and hedge funds own 52.69% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on IQ. Hsbc Global Res raised iQIYI from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 16th. Benchmark reaffirmed a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. Citigroup cut their price objective on shares of iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a research report on Thursday, January 16th. HSBC upgraded shares of iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 target price on the stock in a research report on Thursday, January 16th. Finally, OTR Global reaffirmed a "negative" rating on shares of iQIYI in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $2.91.
Read Our Latest Stock Report on IQ
iQIYI Trading Down 2.4 %
Shares of NASDAQ IQ traded down $0.04 during trading on Friday, hitting $1.65. 50,535,373 shares of the company traded hands, compared to its average volume of 20,947,944. 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 firm has a market capitalization of $1.59 billion, a P/E ratio of 16.50, a P/E/G ratio of 4.13 and a beta of -0.18. The company has a 50-day moving average price of $2.13 and a 200-day moving average price of $2.22. iQIYI, Inc. has a 1 year low of $1.50 and a 1 year high of $5.80.
iQIYI (NASDAQ:IQ - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.03) EPS 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 for the quarter, compared to the consensus estimate of $6.62 billion. On average, equities analysts predict that iQIYI, Inc. will post 0.04 EPS for the current year.
About iQIYI
(
Free Report)
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.
Featured Articles
Before you consider iQIYI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iQIYI wasn't on the list.
While iQIYI currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
