Nomura Holdings Inc. Boosts Stock Position in iQIYI, Inc. (NASDAQ:IQ)

Nomura Holdings Inc. boosted its position in shares of iQIYI, Inc. (NASDAQ:IQ) by 67.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210,773 shares of the company’s stock after acquiring an additional 85,052 shares during the quarter. Nomura Holdings Inc.’s holdings in iQIYI were worth $1,029,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Krane Funds Advisors LLC grew its stake in shares of iQIYI by 2.5% in the fourth quarter. Krane Funds Advisors LLC now owns 19,194,425 shares of the company’s stock worth $93,669,000 after acquiring an additional 467,032 shares in the last quarter. Vanguard Group Inc. increased its holdings in iQIYI by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,756,701 shares of the company’s stock worth $86,653,000 after purchasing an additional 170,227 shares during the period. SCEP Management Ltd raised its position in iQIYI by 22.3% in the 3rd quarter. SCEP Management Ltd now owns 15,000,000 shares of the company’s stock valued at $71,100,000 after purchasing an additional 2,731,681 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of iQIYI by 14.6% in the 4th quarter. Federated Hermes Inc. now owns 12,153,225 shares of the company’s stock valued at $59,308,000 after buying an additional 1,549,805 shares during the period. Finally, Norges Bank acquired a new position in shares of iQIYI during the fourth quarter worth about $49,853,000. 52.69% of the stock is owned by institutional investors and hedge funds.

iQIYI Price Performance

Shares of NASDAQ:IQ opened at $3.97 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.60 and a current ratio of 0.60. iQIYI, Inc. has a one year low of $3.06 and a one year high of $6.47. The company has a 50-day simple moving average of $4.62 and a 200-day simple moving average of $4.27. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.29 and a beta of 0.15.

iQIYI (NASDAQ:IQ) last announced its earnings results on Thursday, May 16th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.04. iQIYI had a return on equity of 17.57% and a net margin of 6.23%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. On average, analysts predict that iQIYI, Inc. will post 0.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IQ. OTR Global reaffirmed a “mixed” rating on shares of iQIYI in a report on Thursday, April 4th. Benchmark reissued a “buy” rating and set a $9.00 target price on shares of iQIYI in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, iQIYI has an average rating of “Hold” and an average price target of $6.18.

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.