Mitsubishi UFJ Trust & Banking Corp Has $570,000 Stock Position in iQIYI, Inc. (NASDAQ:IQ)

Mitsubishi UFJ Trust & Banking Corp grew its position in iQIYI, Inc. (NASDAQ:IQ - Free Report) by 263.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 283,532 shares of the company's stock after purchasing an additional 205,470 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in iQIYI were worth $570,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in IQ. Robeco Institutional Asset Management B.V. boosted its holdings in iQIYI by 4.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company's stock valued at $48,959,000 after purchasing an additional 1,114,390 shares during the period. Garden State Investment Advisory Services LLC bought a new stake in shares of iQIYI in the third quarter valued at approximately $835,000. BNP Paribas Financial Markets boosted its stake in shares of iQIYI by 77.1% in the third quarter. BNP Paribas Financial Markets now owns 1,871,931 shares of the company's stock valued at $5,354,000 after buying an additional 815,226 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in iQIYI during the fourth quarter worth approximately $468,000. Finally, Harvest Fund Management Co. Ltd increased its stake in iQIYI by 13.9% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,228,223 shares of the company's stock worth $6,489,000 after acquiring an additional 393,834 shares during the period. Institutional investors own 52.69% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on IQ. Benchmark reaffirmed a "hold" rating on shares of iQIYI in a research report on Wednesday, February 19th. Citigroup cut their price target on shares of iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a report on Thursday, January 16th. OTR Global reissued a "negative" rating on shares of iQIYI in a research note on Wednesday, January 8th. HSBC upgraded shares of iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price objective for the company in a research report on Thursday, January 16th. Finally, Hsbc Global Res upgraded 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 given a buy rating to the stock. According to MarketBeat.com, iQIYI presently has an average rating of "Hold" and an average price target of $2.91.

iQIYI Price Performance

Shares of IQ traded down $0.28 during trading hours on Friday, reaching $1.81. The stock had a trading volume of 77,170,557 shares, compared to its average volume of 18,685,157. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.45 and a current ratio of 0.44. iQIYI, Inc. has a 12 month low of $1.76 and a 12 month high of $5.80. The stock has a market capitalization of $1.74 billion, a PE ratio of 18.10, a PEG ratio of 4.13 and a beta of -0.18. The company's 50-day moving average is $2.27 and its two-hundred day moving average is $2.28.

iQIYI (NASDAQ:IQ - Get Free Report) last announced its quarterly 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 for the quarter, compared to analyst estimates of $6.62 billion. Research analysts expect that iQIYI, Inc. will post 0.04 EPS for the current year.

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.