FIL Ltd lowered its holdings in shares of iQIYI, Inc. (NASDAQ:IQ - Free Report) by 79.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,540,106 shares of the company's stock after selling 13,630,466 shares during the quarter. FIL Ltd owned approximately 0.37% of iQIYI worth $7,116,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its stake in shares of iQIYI by 738.1% in the 3rd quarter. FMR LLC now owns 137,793 shares of the company's stock worth $394,000 after purchasing an additional 121,352 shares in the last quarter. HighTower Advisors LLC increased its position in iQIYI by 102.9% in the third quarter. HighTower Advisors LLC now owns 19,840 shares of the company's stock worth $56,000 after buying an additional 701,901 shares in the last quarter. XTX Topco Ltd raised its stake in shares of iQIYI by 344.6% in the third quarter. XTX Topco Ltd now owns 126,659 shares of the company's stock worth $362,000 after buying an additional 98,169 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of iQIYI during the 3rd quarter valued at about $88,000. Finally, Geode Capital Management LLC grew its stake in shares of iQIYI by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,259,673 shares of the company's stock valued at $9,256,000 after acquiring an additional 112,709 shares during the period. Institutional investors own 52.69% of the company's stock.
Analyst Upgrades and Downgrades
IQ has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded shares of iQIYI from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 16th. Citigroup lowered their target price 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. OTR Global reiterated a "negative" rating on shares of iQIYI in a research note on Wednesday, January 8th. HSBC upgraded iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price objective on the stock in a research report on Thursday, January 16th. Finally, Benchmark reiterated a "hold" rating on shares of iQIYI in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $2.91.
Get Our Latest Stock Report on IQ
iQIYI Trading Down 1.8 %
Shares of iQIYI stock opened at $1.64 on Friday. The business has a 50-day moving average price of $2.19 and a 200-day moving average price of $2.25. iQIYI, Inc. has a twelve month low of $1.50 and a twelve month high of $5.80. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 4.13 and a beta of -0.18. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70.
iQIYI (NASDAQ:IQ - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported ($0.03) EPS for the quarter, beating 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 firm had revenue of $919.56 million during the quarter, compared to the consensus estimate of $6.62 billion. Equities research analysts anticipate that iQIYI, Inc. will post 0.04 EPS for the current fiscal year.
iQIYI Profile
(
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.
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