iQIYI, Inc. (NASDAQ:IQ) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in iQIYI, Inc. (NASDAQ:IQ) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 793,401 shares of the company’s stock after selling 7,994 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.08% of iQIYI worth $3,872,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IQ. Ballentine Partners LLC acquired a new position in shares of iQIYI in the 4th quarter valued at about $54,000. Raymond James Financial Services Advisors Inc. acquired a new position in iQIYI in the 4th quarter worth about $61,000. Pathstone Family Office LLC acquired a new position in iQIYI in the 3rd quarter worth about $62,000. Deltec Asset Management LLC raised its holdings in iQIYI by 124.3% in the 3rd quarter. Deltec Asset Management LLC now owns 41,500 shares of the company’s stock worth $197,000 after purchasing an additional 23,000 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in iQIYI by 5.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 65,324 shares of the company’s stock worth $310,000 after purchasing an additional 3,632 shares during the period. Institutional investors and hedge funds own 52.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, OTR Global reaffirmed a “mixed” rating on shares of iQIYI in a report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.54.

iQIYI Stock Performance

NASDAQ IQ opened at $4.58 on Wednesday. The stock has a 50-day moving average of $4.00 and a 200 day moving average of $4.29. iQIYI, Inc. has a twelve month low of $3.06 and a twelve month high of $6.56. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 20.82 and a beta of 0.27. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.68.

iQIYI (NASDAQ:IQ) last announced its earnings results on Wednesday, February 28th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. iQIYI had a return on equity of 13.56% and a net margin of 4.76%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Sell-side analysts anticipate that iQIYI, Inc. will post 0.38 EPS for the current fiscal year.

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.