Mitsubishi UFJ Trust & Banking Corp Grows Stock Holdings in iQIYI, Inc. (NASDAQ:IQ)

Mitsubishi UFJ Trust & Banking Corp grew its stake in iQIYI, Inc. (NASDAQ:IQ) by 263.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 283,532 shares of the company’s stock after purchasing an additional 205,470 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in iQIYI were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Corient Private Wealth LLC raised its stake in iQIYI by 37.3% during the fourth 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. Flow Traders U.S. LLC purchased a new stake in shares of iQIYI during the 3rd quarter valued at approximately $32,000. SBI Securities Co. Ltd. acquired a new position in iQIYI in the fourth quarter valued at approximately $32,000. PDS Planning Inc purchased a new position in shares of iQIYI during the 4th quarter worth $35,000. Finally, Ballentine Partners LLC purchased a new position in iQIYI during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 52.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. OTR Global restated a “negative” rating on shares of iQIYI in a research report on Wednesday, January 8th. Citigroup lowered 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. Hsbc Global Res raised iQIYI from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 16th. HSBC raised shares of iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price target for the company in a research report on Thursday, January 16th. Finally, Benchmark reiterated a “hold” rating on shares of iQIYI in a research note on Wednesday, February 19th. 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.91.

iQIYI Stock Down 1.3 %

IQ stock opened at $2.23 on Wednesday. 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 stock has a market capitalization of $2.14 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 4.13 and a beta of 0.05. iQIYI, Inc. has a one year low of $1.82 and a one year high of $5.80. The company has a fifty day moving average of $2.27 and a 200-day moving average of $2.28.

iQIYI (NASDAQ:IQ) last released its 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 company had revenue of $919.56 million during the quarter, compared to the consensus estimate of $6.62 billion. As a group, analysts expect that iQIYI, Inc. will post 0.04 EPS 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.