Vanguard Group Inc. Increases Position in iQIYI, Inc. (NASDAQ:IQ)

Vanguard Group Inc. lifted its position in iQIYI, Inc. (NASDAQ:IQ - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,293,085 shares of the company's stock after acquiring an additional 502,154 shares during the period. Vanguard Group Inc. owned 1.91% of iQIYI worth $36,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its holdings in iQIYI by 4.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company's stock worth $48,959,000 after buying an additional 1,114,390 shares in the last quarter. E Fund Management Co. Ltd. boosted its stake in shares of iQIYI by 39.6% during the 4th quarter. E Fund Management Co. Ltd. now owns 2,667,758 shares of the company's stock worth $5,362,000 after acquiring an additional 756,552 shares in the last quarter. HighTower Advisors LLC grew its position in shares of iQIYI by 102.9% during the 3rd quarter. HighTower Advisors LLC now owns 19,840 shares of the company's stock valued at $56,000 after acquiring an additional 701,901 shares during the period. Harvest Fund Management Co. Ltd increased its stake in shares of iQIYI by 13.9% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,228,223 shares of the company's stock valued at $6,489,000 after purchasing an additional 393,834 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new position in iQIYI in the 4th quarter worth about $627,000. Hedge funds and other institutional investors own 52.69% of the company's stock.

Wall Street Analyst Weigh In

IQ has been the subject of several research analyst reports. Benchmark restated a "hold" rating on shares of iQIYI in a research report on Wednesday, February 19th. Hsbc Global Res raised iQIYI from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 16th. Citigroup lowered their price target on iQIYI from $3.00 to $2.80 and set a "buy" rating on the stock in a research note on Thursday, January 16th. HSBC raised 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. Finally, OTR Global reaffirmed a "negative" rating on shares of iQIYI in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $2.91.

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iQIYI Trading Down 1.8 %

NASDAQ IQ opened at $1.64 on Monday. The firm's fifty day moving average is $2.19 and its two-hundred day moving average is $2.25. iQIYI, Inc. has a one year low of $1.50 and a one year high of $5.80. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.45 and a current ratio of 0.44. The firm has a market cap of $1.58 billion, a PE ratio of 16.40, a P/E/G ratio of 4.13 and a beta of -0.18.

iQIYI (NASDAQ:IQ - Get Free Report) last announced its quarterly earnings data 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 net margin of 2.62% and a return on equity of 7.62%. Analysts expect that iQIYI, Inc. will post 0.04 earnings per share for the current year.

iQIYI 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.

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