Vontobel Holding Ltd. Sells 53,197 Shares of iQIYI, Inc. (NASDAQ:IQ)

Vontobel Holding Ltd. reduced its holdings in iQIYI, Inc. (NASDAQ:IQ) by 47.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,411 shares of the company’s stock after selling 53,197 shares during the quarter. Vontobel Holding Ltd.’s holdings in iQIYI were worth $290,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Krane Funds Advisors LLC grew its position in shares of iQIYI by 14.6% in the 3rd quarter. Krane Funds Advisors LLC now owns 18,727,393 shares of the company’s stock worth $88,768,000 after buying an additional 2,391,948 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of iQIYI by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 17,586,474 shares of the company’s stock valued at $83,360,000 after purchasing an additional 269,491 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of iQIYI by 1,117.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,356,739 shares of the company’s stock valued at $82,271,000 after purchasing an additional 15,931,422 shares during the period. SCEP Management Ltd lifted its stake in shares of iQIYI by 22.3% in the 3rd quarter. SCEP Management Ltd now owns 15,000,000 shares of the company’s stock valued at $71,100,000 after purchasing an additional 2,731,681 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of iQIYI by 147.8% in the 3rd quarter. Federated Hermes Inc. now owns 10,603,420 shares of the company’s stock valued at $50,260,000 after purchasing an additional 6,324,876 shares during the period. 52.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, OTR Global restated a “mixed” rating on shares of iQIYI in a research note on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.54.

iQIYI Trading Up 6.3 %

IQ opened at $4.58 on Wednesday. The stock has a market cap of $4.39 billion, a PE ratio of 20.82 and a beta of 0.27. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average of $4.00 and a 200-day moving average of $4.29. iQIYI, Inc. has a 52 week low of $3.06 and a 52 week high of $6.56.

iQIYI (NASDAQ:IQ) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. iQIYI had a return on equity of 13.56% and a net margin of 4.76%. Equities research analysts predict that iQIYI, Inc. will post 0.38 earnings per share for the current fiscal year.

About iQIYI

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.