American Century Companies Inc. Has $3.83 Million Position in iQIYI, Inc. (NASDAQ:IQ)

American Century Companies Inc. raised its holdings in shares of iQIYI, Inc. (NASDAQ:IQ) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,904,565 shares of the company’s stock after purchasing an additional 101,241 shares during the quarter. American Century Companies Inc.’s holdings in iQIYI were worth $3,828,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in iQIYI during the fourth quarter worth approximately $32,000. PDS Planning Inc bought a new position in shares of iQIYI during the fourth quarter worth approximately $35,000. Ballentine Partners LLC acquired a new stake in iQIYI during the 4th quarter worth approximately $47,000. HighTower Advisors LLC boosted its stake in iQIYI by 102.9% in the 3rd quarter. HighTower Advisors LLC now owns 19,840 shares of the company’s stock valued at $56,000 after purchasing an additional 701,901 shares during the period. Finally, Corient Private Wealth LLC grew its holdings in iQIYI by 37.3% in the 4th quarter. Corient Private Wealth LLC now owns 28,138 shares of the company’s stock valued at $57,000 after buying an additional 7,645 shares in the last quarter. 52.69% of the stock is owned by institutional investors.

iQIYI Price Performance

IQ stock opened at $1.81 on Monday. The company’s 50-day moving average price is $2.27 and its two-hundred day moving average price is $2.28. The firm has a market cap of $1.74 billion, a P/E ratio of 18.10, a P/E/G ratio of 4.13 and a beta of -0.18. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70. iQIYI, Inc. has a 12 month low of $1.76 and a 12 month high of $5.80.

iQIYI (NASDAQ:IQ) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. The business had revenue of $919.56 million for the quarter, compared to analyst estimates of $6.62 billion. On average, analysts anticipate that iQIYI, Inc. will post 0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IQ has been the subject of a number of research reports. Citigroup dropped their target price on iQIYI from $3.00 to $2.80 and set a “buy” rating for the company in a report on Thursday, January 16th. HSBC upgraded shares of iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price objective for the company in a research note on Thursday, January 16th. Benchmark restated a “hold” rating on shares of iQIYI in a research report on Wednesday, February 19th. Hsbc Global Res upgraded shares of iQIYI from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 16th. Finally, OTR Global reissued a “negative” rating on shares of iQIYI in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.91.

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.