Public Sector Pension Investment Board Reduces Holdings in iQIYI, Inc. (NASDAQ:IQ)

Public Sector Pension Investment Board cut its position in iQIYI, Inc. (NASDAQ:IQ) by 4.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 153,332 shares of the company’s stock after selling 7,300 shares during the period. Public Sector Pension Investment Board’s holdings in iQIYI were worth $439,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in shares of iQIYI by 77.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,871,931 shares of the company’s stock valued at $5,354,000 after purchasing an additional 815,226 shares during the period. Dimensional Fund Advisors LP grew its position in shares of iQIYI by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,846,420 shares of the company’s stock valued at $21,443,000 after purchasing an additional 694,349 shares in the last quarter. Genesis Investment Management LLP increased its holdings in shares of iQIYI by 112.1% in the third quarter. Genesis Investment Management LLP now owns 16,582,183 shares of the company’s stock valued at $47,425,000 after purchasing an additional 8,765,711 shares during the last quarter. SG Americas Securities LLC lifted its position in iQIYI by 8,351.7% during the third quarter. SG Americas Securities LLC now owns 1,005,249 shares of the company’s stock worth $2,875,000 after buying an additional 993,355 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in iQIYI by 36.2% during the second quarter. American Century Companies Inc. now owns 946,984 shares of the company’s stock worth $3,475,000 after buying an additional 251,813 shares during the last quarter. 52.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price target on iQIYI from $2.50 to $1.80 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Nomura Securities upgraded shares of iQIYI to a “hold” rating in a report on Monday, August 26th. Benchmark restated a “hold” rating on shares of iQIYI in a report on Friday, November 22nd. Finally, The Goldman Sachs Group cut iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 price objective on the stock. in a report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.15.

iQIYI Stock Performance

Shares of IQ stock opened at $2.21 on Monday. iQIYI, Inc. has a one year low of $1.89 and a one year high of $5.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.45. The firm’s 50 day moving average price is $2.44 and its 200-day moving average price is $3.00. The firm has a market cap of $2.12 billion, a P/E ratio of 11.05, a P/E/G ratio of 0.57 and a beta of 0.02.

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.