3 hours Ago By ABMN Staff
SBI Securities Co. Ltd. acquired a new position in iQIYI, Inc.
( NASDAQ:IQ – Free Report ) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,941 shares of the company’s stock, valued at approximately $32,000. Other institutional investors and hedge funds have also recently modified their holdings of the company.
Robeco Institutional Asset Management B.V. raised its stake in shares of iQIYI by 4.
8% in 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 purchasing an additional 1,114,390 shares during the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in shares of iQIYI during the third quarter valued at approximately $835,000. BNP Paribas Financial Markets increased its position in shares of iQIYI by 77.
1% during the third quarter. BNP Paribas Financial Markets now owns 1,871,931 shares of the company’s stock valued at $5,354,000 after acquiring an additional 815,226 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of iQIYI during the fourth quarter valued at approximately $468,000.
Finally, Franklin Resources Inc. increased its position in shares of iQIYI by 16.0% during the third quarter.
Franklin Resources Inc. now owns 173,386 shares of the company’s stock valued at $496,000 after acquiring an additional 23,926 shares during the last quarter. 52.
69% of the stock is owned by hedge funds and other institutional investors. iQIYI Price Performance Shares of NASDAQ IQ opened at $2.21 on Thursday.
The stock has a fifty day simple moving average of $2.16 and a two-hundred day simple moving average of $2.26.
iQIYI, Inc. has a 1-year low of $1.82 and a 1-year high of $5.
80. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 22.
10, a price-to-earnings-growth 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. Analyst Upgrades and Downgrades A number of analysts recently commented on the company. JPMorgan Chase & Co.
decreased their price target on iQIYI from $2.50 to $1.80 and set a “neutral” rating for the company in a research report on Friday, November 22nd.
HSBC raised 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. Citigroup decreased their price target 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 Global Res raised iQIYI from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 16th.
Finally, OTR Global reissued a “negative” rating on shares of iQIYI in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.
com, the company presently has a consensus rating of “Hold” and a consensus target price of $2.91. Check Out Our Latest Report on iQIYI About iQIYI ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding IQ? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for iQIYI, Inc. ( NASDAQ:IQ – Free Report ). Receive News & Ratings for iQIYI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iQIYI and related companies with MarketBeat.
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