iQIYI, Inc. (NASDAQ:IQ) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC decreased its stake in shares of iQIYI, Inc. (NASDAQ:IQ) by 84.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,944 shares of the company’s stock after selling 636,199 shares during the quarter. Headlands Technologies LLC’s holdings in iQIYI were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership acquired a new position in iQIYI in the fourth quarter valued at approximately $6,297,000. Norges Bank acquired a new stake in shares of iQIYI during the 4th quarter worth about $3,914,000. Robeco Institutional Asset Management B.V. raised its holdings in iQIYI by 4.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company’s stock valued at $48,959,000 after buying an additional 1,114,390 shares during the period. Wellington Management Group LLP acquired a new position in iQIYI in the fourth quarter valued at about $1,998,000. Finally, E Fund Management Co. Ltd. lifted its position in iQIYI by 39.6% in the fourth quarter. E Fund Management Co. Ltd. now owns 2,667,758 shares of the company’s stock valued at $5,362,000 after buying an additional 756,552 shares during the last quarter. Institutional investors and hedge funds own 52.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Benchmark reissued a “hold” rating on shares of iQIYI in a research note on Wednesday, February 19th. OTR Global reissued a “negative” rating on shares of iQIYI in a research report on Wednesday, January 8th. HSBC upgraded iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price target on the stock in a research note on Thursday, January 16th. Citigroup cut their price objective on iQIYI from $3.00 to $2.80 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Hsbc Global Res upgraded iQIYI from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, iQIYI presently has a consensus rating of “Hold” and an average price target of $2.91.

iQIYI Price Performance

Shares of NASDAQ IQ opened at $1.81 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.45. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 4.13 and a beta of -0.18. The stock’s 50-day moving average is $2.27 and its two-hundred day moving average is $2.28. iQIYI, Inc. has a 1-year low of $1.76 and a 1-year high of $5.80.

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

About iQIYI

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.