Y Intercept Hong Kong Ltd Takes Position in iQIYI, Inc. (NASDAQ:IQ)

Y Intercept Hong Kong Ltd purchased a new position in shares of iQIYI, Inc. (NASDAQ:IQ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 232,941 shares of the company's stock, valued at approximately $468,000.

Other institutional investors also recently added to or reduced their stakes in the company. Monolith Management Ltd purchased a new position in shares of iQIYI during the third quarter worth about $4,576,000. Robeco Institutional Asset Management B.V. lifted its position in 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 worth $48,959,000 after acquiring an additional 1,114,390 shares during the period. BNP Paribas Financial Markets grew its stake in shares of iQIYI by 77.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,871,931 shares of the company's stock valued at $5,354,000 after purchasing an additional 815,226 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of iQIYI by 102.9% in the third quarter. HighTower Advisors LLC now owns 19,840 shares of the company's stock valued at $56,000 after purchasing an additional 701,901 shares during the period. Finally, Garden State Investment Advisory Services LLC purchased a new stake in shares of iQIYI during the third quarter worth approximately $835,000. Institutional investors and hedge funds own 52.69% of the company's stock.

iQIYI Price Performance

Shares of IQ stock traded up $0.01 during midday trading on Thursday, reaching $2.33. 23,345,140 shares of the company traded hands, compared to its average volume of 28,392,977. The firm has a market cap of $2.23 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 4.13 and a beta of 0.03. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.45. The firm's 50 day simple moving average is $2.14 and its two-hundred day simple moving average is $2.28. iQIYI, Inc. has a 1-year low of $1.82 and a 1-year high of $5.80.

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Benchmark reissued a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on shares of iQIYI from $2.50 to $1.80 and set a "neutral" rating on the stock in a research note on Friday, November 22nd. OTR Global restated a "negative" rating on shares of iQIYI in a research report on Wednesday, January 8th. Citigroup lowered their price objective on iQIYI from $3.00 to $2.80 and set a "buy" rating on the stock in a report on Thursday, January 16th. Finally, Hsbc Global Res raised iQIYI from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, iQIYI has an average rating of "Hold" and an average price target of $2.91.

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.