Asset Management One Co. Ltd. Decreases Holdings in iQIYI, Inc. (NASDAQ:IQ)

Asset Management One Co. Ltd. decreased its holdings in shares of iQIYI, Inc. (NASDAQ:IQ) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,058 shares of the company’s stock after selling 7,266 shares during the period. Asset Management One Co. Ltd.’s holdings in iQIYI were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of IQ. FMR LLC grew its position in shares of iQIYI by 92.1% during the 1st quarter. FMR LLC now owns 6,366 shares of the company’s stock valued at $46,000 after acquiring an additional 3,052 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of iQIYI during the 3rd quarter valued at $49,000. Mariner LLC bought a new position in iQIYI in the 3rd quarter worth $53,000. Ballentine Partners LLC bought a new position in iQIYI in the 4th quarter worth $54,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in iQIYI by 1,404.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,101 shares of the company’s stock worth $55,000 after buying an additional 12,230 shares during the period. Institutional investors own 52.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, OTR Global reaffirmed a “mixed” rating on shares of iQIYI in a report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.54.

iQIYI Trading Down 6.4 %

Shares of iQIYI stock opened at $4.12 on Friday. The company has a market capitalization of $3.95 billion, a P/E ratio of 18.73 and a beta of 0.27. iQIYI, Inc. has a fifty-two week low of $3.06 and a fifty-two week high of $7.36. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.57 and a current ratio of 0.57. The company has a fifty day moving average of $3.88 and a 200 day moving average of $4.31.

iQIYI (NASDAQ:IQ) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. On average, sell-side analysts anticipate that iQIYI, Inc. will post 0.38 earnings per share for the current fiscal 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.