SG Americas Securities LLC Has $1.52 Million Stake in iQIYI, Inc. (NASDAQ:IQ)

SG Americas Securities LLC cut its holdings in shares of iQIYI, Inc. (NASDAQ:IQ - Free Report) by 25.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 754,268 shares of the company's stock after selling 250,981 shares during the period. SG Americas Securities LLC owned about 0.08% of iQIYI worth $1,516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IQ. Sei Investments Co. grew its stake in shares of iQIYI by 10.1% during the second quarter. Sei Investments Co. now owns 112,270 shares of the company's stock valued at $412,000 after purchasing an additional 10,342 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in iQIYI by 6.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 187,200 shares of the company's stock worth $687,000 after buying an additional 10,700 shares in the last quarter. Flow Traders U.S. LLC bought a new position in iQIYI in the 3rd quarter valued at $32,000. Ground Swell Capital LLC acquired a new stake in shares of iQIYI in the 3rd quarter valued at $32,000. Finally, Public Sector Pension Investment Board raised its position 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 acquiring an additional 12,300 shares during the last quarter. 52.69% of the stock is owned by institutional investors and hedge funds.

iQIYI Stock Performance

NASDAQ:IQ remained flat at $2.23 during mid-day trading on Tuesday. 25,540,116 shares of the company were exchanged, compared to its average volume of 20,590,553. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 3.15 and a beta of 0.02. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.65. The business's 50 day moving average is $2.08 and its two-hundred day moving average is $2.48. iQIYI, Inc. has a 1-year low of $1.82 and a 1-year high of $5.80.

iQIYI (NASDAQ:IQ - Get Free Report) last posted its quarterly earnings data on Thursday, November 21st. The company reported $0.06 earnings per share for the quarter, beating 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 prior year, the business earned $0.07 earnings per share. As a group, equities research analysts forecast that iQIYI, Inc. will post 0.14 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on IQ. JPMorgan Chase & Co. reduced their price target on iQIYI from $2.50 to $1.80 and set a "neutral" rating on the stock in a research report on Friday, November 22nd. Citigroup decreased their target price on iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a research report on Thursday, January 16th. HSBC upgraded shares of iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price target on the stock in a research report on Thursday, January 16th. Benchmark restated a "hold" rating on shares of iQIYI in a report on Friday. Finally, Hsbc Global Res raised shares of iQIYI from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 16th. One 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 MarketBeat, iQIYI has a consensus rating of "Hold" and a consensus target price 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.