iQIYI, Inc. (NASDAQ:IQ) Shares Sold by One Wealth Management Investment & Advisory Services LLC

One Wealth Management Investment & Advisory Services LLC lowered its position in shares of iQIYI, Inc. (NASDAQ:IQ) by 32.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 17,000 shares of the company’s stock after selling 8,000 shares during the quarter. One Wealth Management Investment & Advisory Services LLC’s holdings in iQIYI were worth $34,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Garden State Investment Advisory Services LLC purchased a new position in shares of iQIYI during the third quarter worth $835,000. BNP Paribas Financial Markets lifted its holdings 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 buying an additional 815,226 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of iQIYI by 13.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,420 shares of the company’s stock valued at $21,443,000 after buying an additional 694,349 shares during the period. Genesis Investment Management LLP boosted its stake 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 worth $47,425,000 after buying an additional 8,765,711 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings 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 acquiring an additional 993,355 shares during the period. Hedge funds and other institutional investors own 52.69% of the company’s stock.

Analysts Set New Price Targets

IQ has been the subject of a number of analyst reports. Benchmark reissued a “hold” rating on shares of iQIYI in a report on Friday, November 22nd. Hsbc Global Res raised shares of iQIYI from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 16th. OTR Global reaffirmed a “negative” rating on shares of iQIYI in a report 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. Finally, HSBC upgraded 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, iQIYI has an average rating of “Hold” and an average price target of $2.91.

iQIYI Price Performance

iQIYI stock opened at $2.00 on Friday. The company has a fifty day simple moving average of $2.08 and a 200-day simple moving average of $2.52. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 3.15 and a beta of 0.02. iQIYI, Inc. has a 52-week low of $1.82 and a 52-week high of $5.80.

iQIYI (NASDAQ:IQ) last released its quarterly earnings data on Thursday, November 21st. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. iQIYI had a net margin of 4.69% and a return on equity of 13.26%. During the same period in the prior year, the business posted $0.07 earnings per share. On average, equities analysts anticipate that iQIYI, Inc. will post 0.14 EPS 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.