iQIYI, Inc. (NASDAQ:IQ) Shares Acquired by SIH Partners LLLP

SIH Partners LLLP boosted its stake in iQIYI, Inc. (NASDAQ:IQ) by 191.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 221,900 shares of the company’s stock after purchasing an additional 145,800 shares during the quarter. SIH Partners LLLP’s holdings in iQIYI were worth $446,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in iQIYI during the 4th quarter worth $32,000. PDS Planning Inc purchased a new stake in shares of iQIYI in the 4th quarter valued at approximately $35,000. BTG Pactual Asset Management US LLC acquired a new stake in shares of iQIYI during the 4th quarter worth approximately $37,000. Ballentine Partners LLC purchased a new stake in shares of iQIYI during the 4th quarter valued at approximately $47,000. Finally, HighTower Advisors LLC lifted its holdings in iQIYI by 102.9% in the third quarter. HighTower Advisors LLC now owns 19,840 shares of the company’s stock valued at $56,000 after acquiring an additional 701,901 shares during the last quarter. Hedge funds and other institutional investors own 52.69% of the company’s stock.

iQIYI Stock Performance

Shares of IQ stock opened at $1.65 on Tuesday. The firm has a 50 day moving average of $2.11 and a two-hundred day moving average of $2.20. The stock has a market capitalization of $1.59 billion, a PE ratio of 16.50, 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 52 week low of $1.50 and a 52 week high of $5.80.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on IQ. Hsbc Global Res upgraded iQIYI from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 16th. Citigroup lowered their target price on shares of iQIYI from $3.00 to $2.80 and set a “buy” rating for the company in a research note on Thursday, January 16th. OTR Global restated a “negative” rating on shares of iQIYI in a report on Wednesday, January 8th. Benchmark reiterated a “hold” rating on shares of iQIYI in a report on Wednesday, February 19th. Finally, HSBC upgraded iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price target on the stock 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 stock. Based on data from MarketBeat.com, iQIYI presently has an average rating of “Hold” and an average price target 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.