SBI Securities Co. Ltd. Invests $32,000 in iQIYI, Inc. (NASDAQ:IQ)

SBI Securities Co. Ltd. bought a new position in iQIYI, Inc. (NASDAQ:IQ) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 15,941 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Flow Traders U.S. LLC acquired a new position in iQIYI in the 3rd quarter worth about $32,000. Ballentine Partners LLC acquired a new position in iQIYI in the 4th quarter worth about $47,000. Franklin Resources Inc. increased its holdings in iQIYI by 16.0% in the 3rd quarter. Franklin Resources Inc. now owns 173,386 shares of the company’s stock worth $496,000 after purchasing an additional 23,926 shares in the last quarter. One Wealth Management Investment & Advisory Services LLC acquired a new position in iQIYI in the 3rd quarter worth about $72,000. Finally, Public Employees Retirement System of Ohio acquired a new position in iQIYI in the 3rd quarter worth about $88,000. Institutional investors and hedge funds own 52.69% of the company’s stock.

Analyst Upgrades and Downgrades

IQ has been the subject of a number of recent research reports. HSBC raised iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 target price for the company in a report on Thursday, January 16th. OTR Global reiterated a “negative” rating on shares of iQIYI in a research report on Wednesday, January 8th. Citigroup reduced their price target on iQIYI from $3.00 to $2.80 and set a “buy” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on iQIYI from $2.50 to $1.80 and set a “neutral” rating on the stock in a research report on Friday, November 22nd. Finally, Hsbc Global Res upgraded iQIYI from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, iQIYI presently has an average rating of “Hold” and a consensus price target of $2.91.

iQIYI Stock Down 3.9 %

Shares of NASDAQ:IQ opened at $2.21 on Thursday. The business’s 50 day simple moving average is $2.16 and its two-hundred day simple moving average is $2.26. The firm has a market cap of $2.12 billion, a P/E ratio of 22.10, a PEG ratio of 4.13 and a beta of 0.05. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.45 and a current ratio of 0.44. iQIYI, Inc. has a 52-week low of $1.82 and a 52-week high of $5.80.

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