Ward Ferry Management BVI Ltd grew its stake in IQIYI Inc (NASDAQ:IQ) by 56.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,725,300 shares of the company’s stock after buying an additional 978,200 shares during the period. IQIYI accounts for 7.0% of Ward Ferry Management BVI Ltd’s holdings, making the stock its 7th biggest position. Ward Ferry Management BVI Ltd’s holdings in IQIYI were worth $65,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of IQ. Elephas Investment Management Ltd raised its holdings in IQIYI by 696.2% in the fourth quarter. Elephas Investment Management Ltd now owns 424,400 shares of the company’s stock valued at $6,311,000 after buying an additional 371,100 shares during the period. Totem Point Management LLC purchased a new position in IQIYI in the fourth quarter valued at approximately $5,178,000. Moors & Cabot Inc. raised its holdings in IQIYI by 123.5% in the first quarter. Moors & Cabot Inc. now owns 44,700 shares of the company’s stock valued at $1,072,000 after buying an additional 24,700 shares during the period. LMR Partners LLP raised its holdings in IQIYI by 46.0% in the fourth quarter. LMR Partners LLP now owns 255,520 shares of the company’s stock valued at $3,800,000 after buying an additional 80,520 shares during the period. Finally, Gateway Advisory LLC purchased a new position in IQIYI in the first quarter valued at approximately $239,000. 19.65% of the stock is owned by institutional investors and hedge funds.

Shares of IQ stock traded down $0.21 during mid-day trading on Wednesday, reaching $18.10. 101,985 shares of the company were exchanged, compared to its average volume of 10,071,079. IQIYI Inc has a fifty-two week low of $14.35 and a fifty-two week high of $46.23. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $13.10 billion, a P/E ratio of -7.32 and a beta of 3.19.

IQIYI (NASDAQ:IQ) last released its quarterly earnings results on Thursday, May 16th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.17. IQIYI had a negative net margin of 38.72% and a negative return on equity of 52.01%. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter last year, the company earned ($0.31) earnings per share. The business’s quarterly revenue was up 43.0% compared to the same quarter last year. On average, research analysts predict that IQIYI Inc will post -1.38 EPS for the current year.

Several brokerages have issued reports on IQ. ValuEngine raised shares of IQIYI from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Tigress Financial began coverage on shares of IQIYI in a research report on Friday, March 15th. They issued a “buy” rating for the company. New Street Research raised shares of IQIYI from a “neutral” rating to a “buy” rating in a research report on Friday, February 22nd. HSBC lowered their price objective on shares of IQIYI from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Tuesday, April 2nd. Finally, Zacks Investment Research downgraded shares of IQIYI from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $27.14.

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IQIYI Company Profile

iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.

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Institutional Ownership by Quarter for IQIYI (NASDAQ:IQ)

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