Public Staff Retirement Affiliation of Colorado purchased a brand new stake in iQIYI, Inc. (NASDAQ:IQ – Free Report) within the second quarter, in line with the corporate in its most up-to-date submitting with the Securities & Change Fee. The agency purchased 36,900 shares of the corporate’s inventory, valued at roughly $135,000.
A number of different hedge funds have additionally modified their holdings of IQ. Krane Funds Advisors LLC raised its holdings in iQIYI by 2.5% within the fourth quarter. Krane Funds Advisors LLC now owns 19,194,425 shares of the corporate’s inventory valued at $93,669,000 after buying an extra 467,032 shares within the final quarter. Headlands Applied sciences LLC purchased a brand new place in shares of iQIYI throughout the first quarter price about $741,000. American Century Corporations Inc. grew its stake in iQIYI by 36.2% within the second quarter. American Century Corporations Inc. now owns 946,984 shares of the corporate’s inventory price $3,475,000 after buying an extra 251,813 shares within the final quarter. DNB Asset Administration AS grew its stake in iQIYI by 45.0% within the second quarter. DNB Asset Administration AS now owns 37,616 shares of the corporate’s inventory price $138,000 after buying an extra 11,679 shares within the final quarter. Lastly, Lazard Asset Administration LLC raised its stake in iQIYI by 206.5% throughout the first quarter. Lazard Asset Administration LLC now owns 1,137,614 shares of the corporate’s inventory valued at $4,812,000 after shopping for an extra 766,436 shares within the final quarter. 52.69% of the inventory is at present owned by hedge funds and different institutional traders.
iQIYI Inventory Up 5.6 %
IQ inventory opened at $2.83 on Monday. The corporate’s 50 day easy transferring common is $2.64 and its 200-day easy transferring common is $3.74. iQIYI, Inc. has a 52-week low of $1.92 and a 52-week excessive of $5.80. The corporate has a debt-to-equity ratio of 0.67, a present ratio of 0.53 and a fast ratio of 0.53. The agency has a market capitalization of $2.72 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.49 and a beta of 0.05.
iQIYI (NASDAQ:IQ – Get Free Report) final posted its quarterly earnings outcomes on Thursday, August twenty second. The corporate reported $0.01 earnings per share for the quarter, lacking the consensus estimate of $0.06 by ($0.05). iQIYI had a internet margin of 5.37% and a return on fairness of 14.57%. The enterprise had income of $1.03 billion for the quarter, in comparison with analyst estimates of $1.02 billion. Throughout the identical interval within the earlier yr, the agency posted $0.05 earnings per share. As a bunch, equities analysis analysts anticipate that iQIYI, Inc. will put up 0.16 EPS for the present yr.
Analyst Upgrades and Downgrades
A number of analysis analysts have not too long ago commented on the corporate. Hsbc World Res lowered iQIYI from a “maintain” ranking to a “reasonable promote” ranking in a analysis report on Tuesday, July twenty third. Nomura Securities raised shares of iQIYI to a “maintain” ranking in a report on Monday, August twenty sixth. JPMorgan Chase & Co. minimize their goal value on shares of iQIYI from $5.00 to $3.00 and set a “impartial” ranking on the inventory in a report on Tuesday, July twenty third. The Goldman Sachs Group lowered iQIYI from a “purchase” ranking to a “impartial” ranking and set a $2.80 goal value for the corporate. in a report on Tuesday, August twenty seventh. Lastly, HSBC downgraded iQIYI from a “maintain” ranking to a “cut back” ranking and minimize their value goal for the inventory from $4.70 to $3.00 in a report on Tuesday, July twenty third. One analysis analyst has rated the inventory with a promote ranking and 4 have issued a maintain ranking to the corporate. Primarily based on knowledge from MarketBeat, the corporate has a consensus ranking of “Maintain” and a median goal value of $3.45.
View Our Newest Evaluation on IQ
iQIYI Profile
iQIYI, Inc, along with its subsidiaries, supplies on-line leisure video companies within the Individuals’s Republic of China. It presents numerous 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, resembling professionally produced content material licensed from skilled content material suppliers and self-produced content material.
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