River Global Investors LLP Has $689,000 Stock Holdings in iQIYI, Inc. (NASDAQ:IQ)

River Global Investors LLP lifted its holdings in iQIYI, Inc. (NASDAQ:IQ) by 37.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 341,794 shares of the company’s stock after buying an additional 93,561 shares during the quarter. River Global Investors LLP’s holdings in iQIYI were worth $689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IQ. Flow Traders U.S. LLC bought a new position in iQIYI in the 3rd quarter valued at $32,000. SBI Securities Co. Ltd. acquired a new position in shares of iQIYI during the fourth quarter valued at $32,000. Ballentine Partners LLC bought a new position in iQIYI in the fourth quarter valued at about $47,000. HighTower Advisors LLC increased its position in iQIYI by 102.9% in the third quarter. HighTower Advisors LLC now owns 19,840 shares of the company’s stock worth $56,000 after purchasing an additional 701,901 shares during the period. Finally, One Wealth Management Investment & Advisory Services LLC bought a new stake in iQIYI during the 3rd quarter worth about $72,000. Institutional investors and hedge funds own 52.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on IQ shares. HSBC raised shares of iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price objective on the stock in a research note on Thursday, January 16th. Benchmark restated a “hold” rating on shares of iQIYI in a research report on Wednesday, February 19th. OTR Global reiterated a “negative” rating on shares of iQIYI in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their target price on iQIYI from $2.50 to $1.80 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Finally, Hsbc Global Res raised iQIYI from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.91.

iQIYI Stock Performance

IQ stock opened at $2.35 on Friday. iQIYI, Inc. has a 1-year low of $1.82 and a 1-year high of $5.80. The business’s 50-day moving average price is $2.15 and its two-hundred day moving average price is $2.27. The firm has a market cap of $2.25 billion, a PE ratio of 23.50, a P/E/G ratio of 4.13 and a beta of 0.05. The company has a current ratio of 0.44, a quick ratio of 0.45 and a debt-to-equity ratio of 0.70.

iQIYI (NASDAQ:IQ) last issued 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 business had revenue of $919.56 million during the quarter, compared to analyst estimates of $6.62 billion. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. As a group, research analysts forecast that iQIYI, Inc. will post 0.04 earnings per share 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.