Virtu Financial LLC Boosts Position in iQIYI, Inc. (NASDAQ:IQ)

Virtu Financial LLC grew its position in iQIYI, Inc. (NASDAQ:IQ) by 95.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 192,588 shares of the company’s stock after purchasing an additional 93,903 shares during the quarter. Virtu Financial LLC’s holdings in iQIYI were worth $387,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IQ. Corient Private Wealth LLC raised its stake in shares of iQIYI by 37.3% during the 4th quarter. Corient Private Wealth LLC now owns 28,138 shares of the company’s stock worth $57,000 after acquiring an additional 7,645 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of iQIYI during the third quarter worth $32,000. SBI Securities Co. Ltd. purchased a new stake in shares of iQIYI during the 4th quarter valued at $32,000. PDS Planning Inc acquired a new stake in shares of iQIYI in the 4th quarter worth $35,000. Finally, Ballentine Partners LLC purchased a new position in iQIYI during the 4th quarter worth $47,000. 52.69% of the stock is owned by hedge funds and other institutional investors.

iQIYI Stock Up 1.4 %

NASDAQ:IQ opened at $2.24 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.45. The company’s fifty day moving average price is $2.24 and its 200-day moving average price is $2.27. iQIYI, Inc. has a 1-year low of $1.82 and a 1-year high of $5.80. The firm has a market capitalization of $2.15 billion, a P/E ratio of 22.40, a PEG ratio of 4.13 and a beta of 0.05.

iQIYI (NASDAQ:IQ) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. The company had revenue of $919.56 million for the quarter, compared to the consensus estimate of $6.62 billion. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. As a group, equities research analysts anticipate that iQIYI, Inc. will post 0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. OTR Global reiterated a “negative” rating on shares of iQIYI in a research note on Wednesday, January 8th. Citigroup decreased their price objective on shares of iQIYI from $3.00 to $2.80 and set a “buy” rating for the company in a research report on Thursday, January 16th. Hsbc Global Res raised shares of iQIYI from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 16th. Benchmark reiterated a “hold” rating on shares of iQIYI in a research note on Wednesday, February 19th. Finally, HSBC raised iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 target price on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $2.91.

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.