iQIYI, Inc. (NASDAQ:IQ) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in iQIYI, Inc. (NASDAQ:IQ) by 4.8% in the 4th quarter, Holdings Channel reports. The firm owned 24,357,654 shares of the company’s stock after acquiring an additional 1,114,390 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in iQIYI were worth $48,959,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IQ. Flow Traders U.S. LLC purchased a new stake in shares of iQIYI in the third quarter valued at approximately $32,000. Ground Swell Capital LLC acquired a new position in iQIYI during the third quarter worth $32,000. Vanguard Personalized Indexing Management LLC purchased a new stake in iQIYI in the 2nd quarter valued at $46,000. HighTower Advisors LLC increased its stake in shares of iQIYI by 102.9% in the 3rd quarter. HighTower Advisors LLC now owns 19,840 shares of the company’s stock worth $56,000 after acquiring an additional 701,901 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new position in shares of iQIYI during the 4th quarter worth $47,000. 52.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IQ has been the subject of several recent analyst reports. OTR Global restated a “negative” rating on shares of iQIYI in a research report on Wednesday, January 8th. HSBC upgraded shares of iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price target for the company in a report on Thursday, January 16th. Hsbc Global Res upgraded iQIYI from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 16th. Benchmark reissued a “hold” rating on shares of iQIYI in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. decreased their price target on iQIYI from $2.50 to $1.80 and set a “neutral” rating on the stock in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.91.

iQIYI Price Performance

IQ opened at $2.16 on Thursday. The stock’s 50-day moving average price is $2.08 and its 200 day moving average price is $2.46. iQIYI, Inc. has a 12-month low of $1.82 and a 12-month high of $5.80. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 3.15 and a beta of 0.02. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65.

iQIYI (NASDAQ:IQ) last posted its quarterly earnings data on Thursday, November 21st. The company reported $0.06 EPS for the quarter, beating the consensus estimate 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 last year, the business earned $0.07 earnings per share. As a group, sell-side analysts expect that iQIYI, Inc. will post 0.14 earnings per share for the current 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.