iQIYI, Inc. (NASDAQ:IQ) Position Boosted by Krane Funds Advisors LLC

Krane Funds Advisors LLC lifted its holdings in shares of iQIYI, Inc. (NASDAQ:IQ - Free Report) by 82.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,763,769 shares of the company's stock after purchasing an additional 9,809,187 shares during the period. iQIYI comprises approximately 1.8% of Krane Funds Advisors LLC's holdings, making the stock its 13th biggest holding. Krane Funds Advisors LLC owned 2.27% of iQIYI worth $43,745,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Corient Private Wealth LLC lifted its stake in shares of iQIYI by 37.3% during the 4th quarter. Corient Private Wealth LLC now owns 28,138 shares of the company's stock worth $57,000 after purchasing an additional 7,645 shares during the period. IvyRock Asset Management HK Ltd raised its position in iQIYI by 20.0% in the fourth quarter. IvyRock Asset Management HK Ltd now owns 60,000 shares of the company's stock valued at $121,000 after purchasing an additional 10,000 shares during the period. SBI Securities Co. Ltd. acquired a new stake in iQIYI in the fourth quarter valued at approximately $32,000. PDS Planning Inc purchased a new position in shares of iQIYI in the fourth quarter valued at $35,000. Finally, Franklin Resources Inc. increased its position in shares of iQIYI by 12.0% during the fourth quarter. Franklin Resources Inc. now owns 194,274 shares of the company's stock worth $390,000 after acquiring an additional 20,888 shares during the last quarter. 52.69% of the stock is currently owned by institutional investors and hedge funds.

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iQIYI Price Performance

IQ stock traded down $0.03 during trading on Friday, hitting $1.64. The company had a trading volume of 87,486,768 shares, compared to its average volume of 20,074,723. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 4.13 and a beta of -0.18. The company has a current ratio of 0.44, a quick ratio of 0.45 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average of $2.19 and a 200 day moving average of $2.25. iQIYI, Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $5.80.

iQIYI (NASDAQ:IQ - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.03) earnings per share (EPS) 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 analysts' expectations of $6.62 billion. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. As a group, research analysts predict that iQIYI, Inc. will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IQ shares. HSBC upgraded 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. Hsbc Global Res raised shares of iQIYI from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 16th. Citigroup cut their price target on shares of iQIYI from $3.00 to $2.80 and set a "buy" rating on the stock in a report on Thursday, January 16th. Benchmark reissued a "hold" rating on shares of iQIYI in a research report on Wednesday, February 19th. Finally, OTR Global reaffirmed a "negative" rating on shares of iQIYI in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $2.91.

iQIYI Company 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.