River Global Investors LLP Has $689,000 Holdings in iQIYI, Inc. (NASDAQ:IQ)

River Global Investors LLP increased its holdings in shares of iQIYI, Inc. (NASDAQ:IQ) by 37.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 341,794 shares of the company’s stock after purchasing an additional 93,561 shares during the quarter. River Global Investors LLP’s holdings in iQIYI were worth $689,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in IQ. Flow Traders U.S. LLC acquired a new position in shares of iQIYI during the 3rd quarter worth approximately $32,000. SBI Securities Co. Ltd. bought a new position in shares of iQIYI in the fourth quarter valued at $32,000. Ballentine Partners LLC acquired a new position in iQIYI during the fourth quarter worth $47,000. HighTower Advisors LLC raised its position in iQIYI by 102.9% during 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 in the last quarter. Finally, One Wealth Management Investment & Advisory Services LLC acquired a new stake in iQIYI in the third quarter valued at $72,000. Institutional investors own 52.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IQ shares. Benchmark restated a “hold” rating on shares of iQIYI in a research note on Wednesday, February 19th. Hsbc Global Res upgraded iQIYI from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 16th. HSBC raised iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price objective for the company in a research report on Thursday, January 16th. OTR Global reissued a “negative” rating on shares of iQIYI in a report on Wednesday, January 8th. Finally, Citigroup cut their price target on iQIYI from $3.00 to $2.80 and set a “buy” rating for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $2.91.

iQIYI Price Performance

iQIYI stock opened at $2.35 on Friday. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 4.13 and a beta of 0.05. 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 12 month low of $1.82 and a 12 month high of $5.80. The stock’s 50 day moving average is $2.15 and its 200-day moving average is $2.27.

iQIYI (NASDAQ:IQ) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. The firm had revenue of $919.56 million for the quarter, compared to analyst estimates of $6.62 billion. Equities research analysts expect that iQIYI, Inc. will post 0.04 EPS for the current 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.