Rhumbline Advisers lessened its stake in shares of iQIYI, Inc. (NASDAQ:IQ – Free Report) by 76.7% within the second quarter, in line with the corporate in its most up-to-date Kind 13F submitting with the SEC. The agency owned 34,443 shares of the corporate’s inventory after promoting 113,375 shares in the course of the quarter. Rhumbline Advisers’ holdings in iQIYI have been price $126,000 on the finish of the latest quarter.
Different institutional traders have additionally added to or diminished their stakes within the firm. Ballentine Companions LLC boosted its stake in shares of iQIYI by 65.0% in the course of the 1st quarter. Ballentine Companions LLC now owns 18,317 shares of the corporate’s inventory valued at $77,000 after buying a further 7,219 shares within the final quarter. Sumitomo Mitsui DS Asset Administration Firm Ltd elevated its holdings in shares of iQIYI by 59.9% in the course of the second quarter. Sumitomo Mitsui DS Asset Administration Firm Ltd now owns 21,954 shares of the corporate’s inventory valued at $81,000 after buying a further 8,225 shares within the final quarter. Principal Monetary Group Inc. bought a brand new place in shares of iQIYI within the 2nd quarter price about $133,000. DNB Asset Administration AS boosted its stake in iQIYI by 45.0% within the 2nd quarter. DNB Asset Administration AS now owns 37,616 shares of the corporate’s inventory price $138,000 after buying a further 11,679 shares within the final quarter. Lastly, AustralianSuper Pty Ltd bought a brand new stake in iQIYI in the course of the 2nd quarter valued at about $245,000. Hedge funds and different institutional traders personal 52.69% of the corporate’s inventory.
Analysts Set New Value Targets
A lot of equities analysis analysts have not too long ago commented on IQ shares. Nomura Securities upgraded shares of iQIYI to a “maintain” ranking in a report on Monday, August twenty sixth. Hsbc World Res downgraded iQIYI from a “maintain” ranking to a “average promote” ranking in a analysis be aware on Tuesday, July twenty third. The Goldman Sachs Group minimize iQIYI from a “purchase” ranking to a “impartial” ranking and set a $2.80 value goal for the corporate. in a analysis be aware on Tuesday, August twenty seventh. HSBC minimize iQIYI from a “maintain” ranking to a “scale back” ranking and dropped their value goal for the corporate from $4.70 to $3.00 in a analysis report on Tuesday, July twenty third. Lastly, Benchmark downgraded iQIYI from a “purchase” ranking to a “maintain” ranking in a report on Friday, August twenty third. One analyst has rated the inventory with a promote ranking and 4 have given a maintain ranking to the corporate’s inventory. In keeping with MarketBeat.com, the corporate has a median ranking of “Maintain” and a median value goal of $3.45.
View Our Newest Evaluation on IQ
iQIYI Buying and selling Up 1.1 %
iQIYI inventory opened at $2.86 on Tuesday. The enterprise has a 50-day easy shifting common of $2.64 and a two-hundred day easy shifting common of $3.74. The corporate has a market cap of $2.74 billion, a P/E ratio of 10.21, a P/E/G ratio of 0.49 and a beta of 0.05. iQIYI, Inc. has a 52-week low of $1.92 and a 52-week excessive of $5.80. The corporate has a fast ratio of 0.53, a present ratio of 0.53 and a debt-to-equity ratio of 0.67.
iQIYI (NASDAQ:IQ – Get Free Report) final introduced its quarterly earnings information on Thursday, August twenty second. The corporate reported $0.01 EPS for the quarter, lacking the consensus estimate of $0.06 by ($0.05). iQIYI had a web margin of 5.37% and a return on fairness of 14.57%. The agency had income of $1.03 billion for the quarter, in comparison with the consensus estimate of $1.02 billion. Throughout the identical quarter within the earlier 12 months, the enterprise earned $0.05 earnings per share. Analysts predict that iQIYI, Inc. will submit 0.16 EPS for the present 12 months.
About iQIYI
iQIYI, Inc, along with its subsidiaries, offers on-line leisure video companies within the Folks’s Republic of China. It affords varied services and products, together with on-line video, on-line video games, on-line literature, animations, and different merchandise. The corporate operates a platform that gives a set of web video content material, comparable to professionally produced content material licensed from skilled content material suppliers and self-produced content material.
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