iQIYI, Inc. (NASDAQ:IQ) Stock Position Cut by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in iQIYI, Inc. (NASDAQ:IQ) by 81.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 436,252 shares of the company’s stock after selling 1,919,493 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in iQIYI were worth $877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Krane Funds Advisors LLC lifted its stake in iQIYI by 82.1% during the fourth quarter. Krane Funds Advisors LLC now owns 21,763,769 shares of the company’s stock valued at $43,745,000 after buying an additional 9,809,187 shares in the last quarter. Vanguard Group Inc. lifted its stake in iQIYI by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 18,293,085 shares of the company’s stock valued at $36,769,000 after buying an additional 502,154 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in iQIYI by 41.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,011,033 shares of the company’s stock valued at $22,135,000 after buying an additional 3,235,223 shares in the last quarter. Barclays PLC lifted its stake in iQIYI by 78.2% during the fourth quarter. Barclays PLC now owns 3,745,666 shares of the company’s stock valued at $7,529,000 after buying an additional 1,643,387 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in iQIYI during the fourth quarter valued at about $6,818,000. 52.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wall Street Zen downgraded iQIYI from a “hold” rating to a “sell” rating in a report on Friday, May 30th. Benchmark reiterated a “hold” rating on shares of iQIYI in a report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, iQIYI presently has a consensus rating of “Hold” and a consensus target price of $2.91.

iQIYI Price Performance

Shares of IQ opened at $1.82 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.45 and a debt-to-equity ratio of 0.70. iQIYI, Inc. has a 1 year low of $1.50 and a 1 year high of $4.32. The stock has a market cap of $1.75 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 4.13 and a beta of -0.18. The stock’s 50-day moving average price is $1.77 and its two-hundred day moving average price is $2.04.

iQIYI (NASDAQ:IQ) last released its quarterly earnings data on Wednesday, May 21st. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $988.19 million for the quarter, compared to the consensus estimate of $7.10 billion. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. On average, equities analysts predict that iQIYI, Inc. will post 0.04 earnings per share for the current year.

iQIYI 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.