One Wealth Management Investment & Advisory Services LLC Takes $72,000 Position in iQIYI, Inc. (NASDAQ:IQ)

One Wealth Management Investment & Advisory Services LLC acquired a new stake in shares of iQIYI, Inc. (NASDAQ:IQ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $72,000.

A number of other hedge funds have also made changes to their positions in IQ. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of iQIYI during the 2nd quarter valued at about $31,000. Ground Swell Capital LLC acquired a new stake in iQIYI in the 3rd quarter valued at approximately $32,000. Seven Eight Capital LP acquired a new stake in iQIYI in the 2nd quarter valued at approximately $42,000. Vanguard Personalized Indexing Management LLC acquired a new stake in iQIYI in the 2nd quarter valued at approximately $46,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in iQIYI by 59.9% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,954 shares of the company’s stock valued at $81,000 after buying an additional 8,225 shares during the last quarter. Institutional investors and hedge funds own 52.69% of the company’s stock.

iQIYI Stock Down 2.7 %

NASDAQ IQ opened at $2.14 on Thursday. The stock has a fifty day moving average of $2.45 and a 200-day moving average of $3.36. The stock has a market capitalization of $2.05 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 0.59 and a beta of 0.08. iQIYI, Inc. has a 52 week low of $1.92 and a 52 week high of $5.80. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 0.53.

iQIYI (NASDAQ:IQ) last released its earnings results on Thursday, August 22nd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.05). The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. iQIYI had a net margin of 5.37% and a return on equity of 14.57%. During the same period last year, the business posted $0.05 earnings per share. On average, equities research analysts forecast that iQIYI, Inc. will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

IQ has been the subject of a number of research reports. Nomura Securities upgraded iQIYI to a “hold” rating in a research report on Monday, August 26th. Hsbc Global Res downgraded iQIYI from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 23rd. Benchmark downgraded iQIYI from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. HSBC downgraded iQIYI from a “hold” rating to a “reduce” rating and cut their target price for the stock from $4.70 to $3.00 in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. cut their target price on iQIYI from $5.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $3.45.

iQIYI Company Profile

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.