iQIYI, Inc. (NASDAQ:IQ) Stock Holdings Increased by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its holdings in shares of iQIYI, Inc. (NASDAQ:IQ) by 37.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,138 shares of the company’s stock after purchasing an additional 7,645 shares during the period. Corient Private Wealth LLC’s holdings in iQIYI were worth $57,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. increased its holdings in shares of iQIYI by 4.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company’s stock valued at $48,959,000 after purchasing an additional 1,114,390 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of iQIYI by 77.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,871,931 shares of the company’s stock valued at $5,354,000 after buying an additional 815,226 shares during the period. E Fund Management Co. Ltd. grew its holdings in shares of iQIYI by 39.6% during the 4th quarter. E Fund Management Co. Ltd. now owns 2,667,758 shares of the company’s stock valued at $5,362,000 after acquiring an additional 756,552 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of 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 acquiring an additional 701,901 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new stake in iQIYI during the fourth quarter valued at $627,000. 52.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on IQ shares. Citigroup decreased their price target on iQIYI from $3.00 to $2.80 and set a “buy” rating for the company in a research note on Thursday, January 16th. OTR Global reaffirmed a “negative” rating on shares of iQIYI in a research report on Wednesday, January 8th. HSBC raised shares of iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price target on the stock in a research report on Thursday, January 16th. Benchmark reaffirmed a “hold” rating on shares of iQIYI in a report on Wednesday, February 19th. Finally, Hsbc Global Res upgraded shares of iQIYI from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 16th. One equities 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $2.91.

iQIYI Stock Down 1.8 %

IQ stock opened at $2.19 on Thursday. The business has a 50-day moving average of $2.27 and a 200-day moving average of $2.28. iQIYI, Inc. has a fifty-two week low of $1.82 and a fifty-two week high of $5.80. The stock has a market capitalization of $2.10 billion, a P/E ratio of 21.90, a P/E/G ratio of 4.13 and a beta of -0.18. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.45.

iQIYI (NASDAQ:IQ) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. The firm had revenue of $919.56 million for the quarter, compared to analysts’ expectations of $6.62 billion. On average, sell-side analysts anticipate that iQIYI, Inc. will post 0.04 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.