GSA Capital Partners LLP Raises Stake in iQIYI, Inc. (NASDAQ:IQ)

GSA Capital Partners LLP boosted its holdings in shares of iQIYI, Inc. (NASDAQ:IQ) by 127.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,789 shares of the company’s stock after buying an additional 37,396 shares during the quarter. GSA Capital Partners LLP’s holdings in iQIYI were worth $191,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IQ. California State Teachers Retirement System grew its holdings in iQIYI by 2.4% during the first quarter. California State Teachers Retirement System now owns 127,426 shares of the company’s stock worth $539,000 after acquiring an additional 2,950 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of iQIYI by 59.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,954 shares of the company’s stock valued at $81,000 after purchasing an additional 8,225 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in iQIYI during the second quarter worth $31,000. Sei Investments Co. increased its holdings in iQIYI by 10.1% in the second quarter. Sei Investments Co. now owns 112,270 shares of the company’s stock valued at $412,000 after buying an additional 10,342 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in iQIYI by 6.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 187,200 shares of the company’s stock valued at $687,000 after buying an additional 10,700 shares in the last quarter. 52.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on IQ shares. The Goldman Sachs Group downgraded iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 target price for the company. in a research note on Tuesday, August 27th. JPMorgan Chase & Co. decreased their price objective on shares of iQIYI from $2.50 to $1.80 and set a “neutral” rating on the stock in a report on Friday. Benchmark restated a “hold” rating on shares of iQIYI in a research report on Friday. Finally, Nomura Securities upgraded iQIYI to a “hold” rating in a report on Monday, August 26th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.15.

iQIYI Trading Down 3.5 %

NASDAQ:IQ opened at $1.95 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.87 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.55 and a beta of 0.08. The stock has a fifty day moving average price of $2.47 and a 200 day moving average price of $3.21. iQIYI, Inc. has a 12-month low of $1.92 and a 12-month high of $5.80.

iQIYI (NASDAQ:IQ) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). iQIYI had a return on equity of 13.43% and a net margin of 4.69%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $0.05 earnings per share. Sell-side analysts anticipate that iQIYI, Inc. will post 0.16 earnings per share for the current fiscal year.

iQIYI 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.