Andra AP fonden acquired a new stake in shares of IQIYI Inc (NASDAQ:IQ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 97,100 shares of the company’s stock, valued at approximately $1,566,000.
Several other hedge funds have also made changes to their positions in IQ. State Street Corp grew its stake in shares of IQIYI by 1.2% in the 3rd quarter. State Street Corp now owns 2,524,200 shares of the company’s stock worth $40,715,000 after buying an additional 30,698 shares during the last quarter. Voya Investment Management LLC raised its position in shares of IQIYI by 5.3% in the 3rd quarter. Voya Investment Management LLC now owns 12,930 shares of the company’s stock worth $209,000 after purchasing an additional 651 shares during the last quarter. WT Asset Management Ltd purchased a new position in shares of IQIYI in the 3rd quarter worth about $2,468,000. River & Mercantile Asset Management LLP boosted its stake in IQIYI by 23.4% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 128,140 shares of the company’s stock worth $2,066,000 after purchasing an additional 24,310 shares in the last quarter. Finally, Matthews International Capital Management LLC boosted its stake in IQIYI by 14.4% in the 3rd quarter. Matthews International Capital Management LLC now owns 5,493,400 shares of the company’s stock worth $88,609,000 after purchasing an additional 692,700 shares in the last quarter. Hedge funds and other institutional investors own 24.29% of the company’s stock.
Shares of NASDAQ IQ opened at $19.40 on Wednesday. IQIYI Inc has a 12-month low of $14.35 and a 12-month high of $29.18. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of -7.85 and a beta of 2.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.08. The firm has a 50 day moving average of $17.91 and a 200 day moving average of $18.16.
Several equities analysts recently issued reports on IQ shares. UBS Group raised IQIYI from a “neutral” rating to a “buy” rating in a research report on Monday, November 11th. CLSA lowered IQIYI from an “outperform” rating to an “underperform” rating in a report on Thursday, November 7th. Sanford C. Bernstein upgraded IQIYI from an “underperform” rating to a “market perform” rating in a research note on Thursday, September 12th. 86 Research downgraded IQIYI from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, Credit Suisse Group cut shares of IQIYI from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. IQIYI has an average rating of “Hold” and a consensus price target of $21.23.
iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.
Featured Story: Yield Curve
Want to see what other hedge funds are holding IQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IQIYI Inc (NASDAQ:IQ).
Receive News & Ratings for IQIYI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IQIYI and related companies with MarketBeat.com's FREE daily email newsletter.