Robeco Institutional Asset Management B.V. Grows Stock Holdings in iQIYI, Inc. (NASDAQ:IQ)

Robeco Institutional Asset Management B.V. raised its holdings in iQIYI, Inc. (NASDAQ:IQ - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,357,654 shares of the company's stock after purchasing an additional 1,114,390 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 2.54% of iQIYI worth $48,959,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. increased its position in shares of iQIYI by 10.1% in the 2nd quarter. Sei Investments Co. now owns 112,270 shares of the company's stock valued at $412,000 after buying an additional 10,342 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of iQIYI in the third quarter valued at $32,000. Ground Swell Capital LLC bought a new stake in iQIYI in the 3rd quarter valued at $32,000. Public Sector Pension Investment Board increased its holdings in shares of iQIYI by 8.3% during the second quarter. Public Sector Pension Investment Board now owns 160,632 shares of the company's stock worth $590,000 after purchasing an additional 12,300 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in iQIYI in the second quarter valued at about $46,000. Institutional investors and hedge funds own 52.69% of the company's stock.

Analysts Set New Price Targets

IQ has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target on shares of iQIYI from $2.50 to $1.80 and set a "neutral" rating for the company in a research report on Friday, November 22nd. 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 note on Thursday, January 16th. Citigroup reduced their target price on iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a research note on Thursday, January 16th. OTR Global restated a "negative" rating on shares of iQIYI in a report on Wednesday, January 8th. Finally, Hsbc Global Res upgraded shares of iQIYI from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 16th. 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 stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $2.91.

iQIYI Stock Performance

iQIYI stock traded up $0.16 during midday trading on Thursday, hitting $2.32. The stock had a trading volume of 26,656,284 shares, compared to its average volume of 21,517,908. 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 52-week low of $1.82 and a 52-week high of $5.80. The company has a market capitalization of $2.23 billion, a PE ratio of 11.60, a P/E/G ratio of 3.15 and a beta of 0.02. The firm's fifty day moving average is $2.08 and its two-hundred day moving average is $2.46.

iQIYI (NASDAQ:IQ - Get Free Report) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. iQIYI had a return on equity of 13.26% and a net margin of 4.69%. During the same period in the previous year, the firm posted $0.07 EPS. On average, research analysts forecast that iQIYI, Inc. will post 0.14 EPS for the current year.

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.