iQIYI, Inc. (NASDAQ:IQ) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its stake in iQIYI, Inc. (NASDAQ:IQ) by 31.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,900 shares of the company’s stock after selling 6,920 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in iQIYI were worth $64,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in IQ. Norges Bank acquired a new position in shares of iQIYI in the 4th quarter valued at $49,853,000. Dimensional Fund Advisors LP lifted its holdings in shares of iQIYI by 28.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,370,494 shares of the company’s stock valued at $21,320,000 after acquiring an additional 966,688 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of iQIYI by 206.5% during the 1st quarter. Lazard Asset Management LLC now owns 1,137,614 shares of the company’s stock valued at $4,812,000 after acquiring an additional 766,436 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in shares of iQIYI by 43.2% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,291,428 shares of the company’s stock valued at $11,205,000 after acquiring an additional 691,364 shares in the last quarter. Finally, Athos Capital Ltd acquired a new position in shares of iQIYI during the 4th quarter valued at $2,952,000. Institutional investors and hedge funds own 52.69% of the company’s stock.

iQIYI Stock Performance

iQIYI stock opened at $3.12 on Monday. iQIYI, Inc. has a 52 week low of $3.01 and a 52 week high of $5.80. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.99 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 0.42 and a beta of 0.08. The stock has a 50 day moving average of $3.60 and a 200-day moving average of $4.02.

iQIYI (NASDAQ:IQ) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. iQIYI had a net margin of 6.23% and a return on equity of 17.57%. On average, analysts expect that iQIYI, Inc. will post 0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IQ. Hsbc Global Res lowered shares of iQIYI from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. reduced their target price on shares of iQIYI from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. Benchmark decreased their target price on shares of iQIYI from $9.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, HSBC downgraded shares of iQIYI from a “hold” rating to a “reduce” rating and dropped their price target for the stock from $4.70 to $3.00 in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $3.67.

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.