DGS Capital Management LLC Decreases Holdings in iQIYI, Inc. (NASDAQ:IQ)

DGS Capital Management LLC reduced its position in iQIYI, Inc. (NASDAQ:IQ) by 28.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,522 shares of the company’s stock after selling 15,212 shares during the quarter. DGS Capital Management LLC’s holdings in iQIYI were worth $110,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. BNP Paribas Financial Markets raised its position in shares of iQIYI by 77.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,871,931 shares of the company’s stock valued at $5,354,000 after purchasing an additional 815,226 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in iQIYI by 13.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,420 shares of the company’s stock valued at $21,443,000 after purchasing an additional 694,349 shares in the last quarter. Genesis Investment Management LLP increased its stake in iQIYI by 112.1% during the 3rd quarter. Genesis Investment Management LLP now owns 16,582,183 shares of the company’s stock valued at $47,425,000 after purchasing an additional 8,765,711 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new position in shares of iQIYI in the third quarter worth $835,000. Finally, SG Americas Securities LLC lifted its stake in shares of iQIYI by 8,351.7% during the third quarter. SG Americas Securities LLC now owns 1,005,249 shares of the company’s stock worth $2,875,000 after buying an additional 993,355 shares during the period. 52.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on IQ shares. Benchmark restated a “hold” rating on shares of iQIYI in a research note on Friday, November 22nd. Nomura Securities upgraded iQIYI to a “hold” rating in a research note on Monday, August 26th. The Goldman Sachs Group lowered iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 target price on the stock. in a research report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of iQIYI from $2.50 to $1.80 and set a “neutral” rating for the company in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.15.

iQIYI Stock Down 0.9 %

Shares of IQ stock opened at $2.27 on Friday. iQIYI, Inc. has a twelve month low of $1.89 and a twelve month high of $5.80. The stock has a market cap of $2.18 billion, a P/E ratio of 11.35, a P/E/G ratio of 0.60 and a beta of 0.02. The stock has a 50 day moving average of $2.37 and a 200 day moving average of $2.92. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65.

iQIYI 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.