iQIYI, Inc. (NASDAQ:IQ) Holdings Increased by Federated Hermes Inc.

Federated Hermes Inc. grew its stake in shares of iQIYI, Inc. (NASDAQ:IQ) by 14.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,153,225 shares of the company’s stock after buying an additional 1,549,805 shares during the quarter. Federated Hermes Inc.’s holdings in iQIYI were worth $59,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IQ. FMR LLC raised its holdings in shares of iQIYI by 92.1% in the 1st quarter. FMR LLC now owns 6,366 shares of the company’s stock worth $46,000 after purchasing an additional 3,052 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of iQIYI in the 3rd quarter worth approximately $49,000. Mariner LLC bought a new stake in shares of iQIYI in the 3rd quarter worth approximately $53,000. Ballentine Partners LLC bought a new stake in shares of iQIYI in the 4th quarter worth approximately $54,000. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of iQIYI by 1,404.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,101 shares of the company’s stock worth $55,000 after purchasing an additional 12,230 shares in the last quarter. 52.69% of the stock is currently owned by institutional investors.

iQIYI Stock Down 2.6 %

IQ stock opened at $4.09 on Friday. iQIYI, Inc. has a 52-week low of $3.06 and a 52-week high of $6.99. The company’s 50 day simple moving average is $3.94 and its 200-day simple moving average is $4.30. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $3.92 billion, a P/E ratio of 18.59 and a beta of 0.27.

iQIYI (NASDAQ:IQ) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. As a group, equities research analysts anticipate that iQIYI, Inc. will post 0.38 EPS for the current year.

Wall Street Analyst Weigh In

Separately, OTR Global reiterated a “mixed” rating on shares of iQIYI in a report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.54.

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.