Ballentine Partners LLC Purchases New Position in iQIYI, Inc. (NASDAQ:IQ)

Ballentine Partners LLC purchased a new stake in shares of iQIYI, Inc. (NASDAQ:IQ) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 23,526 shares of the company’s stock, valued at approximately $47,000.

Several other institutional investors have also modified their holdings of IQ. Sei Investments Co. lifted its holdings in iQIYI by 10.1% during the 2nd quarter. Sei Investments Co. now owns 112,270 shares of the company’s stock worth $412,000 after buying an additional 10,342 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in iQIYI by 6.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 187,200 shares of the company’s stock valued at $687,000 after purchasing an additional 10,700 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in iQIYI in the third quarter worth about $32,000. Ground Swell Capital LLC bought a new stake in iQIYI during the third quarter worth approximately $32,000. Finally, Public Sector Pension Investment Board raised its position in shares of iQIYI by 8.3% during the second quarter. Public Sector Pension Investment Board now owns 160,632 shares of the company’s stock worth $590,000 after purchasing an additional 12,300 shares during the period. Institutional investors and hedge funds own 52.69% of the company’s stock.

iQIYI Price Performance

Shares of IQ stock opened at $2.23 on Monday. The stock’s fifty day moving average is $2.08 and its 200-day moving average is $2.48. The stock has a market capitalization of $2.14 billion, a PE ratio of 11.15, a PEG ratio of 3.15 and a beta of 0.02. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.45. iQIYI, Inc. has a 52 week low of $1.82 and a 52 week high of $5.80.

iQIYI (NASDAQ:IQ) last announced its quarterly earnings data on Thursday, November 21st. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. iQIYI had a return on equity of 13.26% and a net margin of 4.69%. During the same period last year, the business earned $0.07 earnings per share. Equities research analysts expect that iQIYI, Inc. will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IQ has been the subject of a number of research analyst reports. HSBC upgraded iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 target price for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. cut their price objective on iQIYI from $2.50 to $1.80 and set a “neutral” rating on the stock in a research note on Friday, November 22nd. OTR Global reiterated a “negative” rating on shares of iQIYI in a research note on Wednesday, January 8th. Citigroup dropped their price objective on shares of 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 shares of iQIYI from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, iQIYI currently has an average rating of “Hold” and a consensus target price of $2.91.

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.