BNP Paribas Financial Markets Has $5.35 Million Holdings in iQIYI, Inc. (NASDAQ:IQ)

BNP Paribas Financial Markets grew its stake in iQIYI, Inc. (NASDAQ:IQ - Free Report) by 77.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,871,931 shares of the company's stock after purchasing an additional 815,226 shares during the period. BNP Paribas Financial Markets owned approximately 0.20% of iQIYI worth $5,354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of iQIYI in the 2nd quarter worth approximately $31,000. Ground Swell Capital LLC acquired a new position in shares of iQIYI in the 3rd quarter worth approximately $32,000. Seven Eight Capital LP acquired a new position in shares of iQIYI in the 2nd quarter worth approximately $42,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of iQIYI in the 2nd quarter worth approximately $46,000. Finally, One Wealth Management Investment & Advisory Services LLC acquired a new position in shares of iQIYI in the 3rd quarter worth approximately $72,000. 52.69% of the stock is currently owned by institutional investors.

iQIYI Stock Down 0.9 %

Shares of NASDAQ IQ traded down $0.02 during mid-day trading on Wednesday, hitting $2.24. The company had a trading volume of 10,944,404 shares, compared to its average volume of 12,356,478. The company has a market capitalization of $2.15 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 0.55 and a beta of 0.02. The firm has a 50-day simple moving average of $2.47 and a two-hundred day simple moving average of $3.05. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65. iQIYI, Inc. has a one year low of $1.89 and a one year high of $5.80.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Nomura Securities raised iQIYI to a "hold" rating in a report on Monday, August 26th. Benchmark reaffirmed a "hold" rating on shares of iQIYI in a report on Friday, November 22nd. JPMorgan Chase & Co. cut their price target on iQIYI from $2.50 to $1.80 and set a "neutral" rating on the stock in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group downgraded iQIYI from a "buy" rating to a "neutral" rating and set a $2.80 price target on the stock. in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $3.15.

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.