IQIYI Inc (IQ) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. decreased its position in shares of IQIYI Inc (NASDAQ:IQ) by 44.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,530 shares of the company’s stock after selling 9,880 shares during the period. Griffin Asset Management Inc.’s holdings in IQIYI were worth $186,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. AlphaOne Investment Services LLC acquired a new position in shares of IQIYI in the 4th quarter valued at about $25,000. Advisory Services Network LLC boosted its stake in IQIYI by 46.9% during the 4th quarter. Advisory Services Network LLC now owns 3,400 shares of the company’s stock valued at $51,000 after purchasing an additional 1,085 shares during the period. Resources Investment Advisors Inc. boosted its stake in IQIYI by 945.6% during the 4th quarter. Resources Investment Advisors Inc. now owns 5,385 shares of the company’s stock valued at $80,000 after purchasing an additional 4,870 shares during the period. North Star Investment Management Corp. acquired a new position in IQIYI during the 4th quarter valued at about $86,000. Finally, Westside Investment Management Inc. boosted its stake in IQIYI by 62.4% during the 4th quarter. Westside Investment Management Inc. now owns 7,940 shares of the company’s stock valued at $119,000 after purchasing an additional 3,050 shares during the period. 16.22% of the stock is currently owned by hedge funds and other institutional investors.

IQ has been the subject of a number of research analyst reports. OTR Global lowered shares of IQIYI to a “positive” rating in a research note on Monday, January 14th. China Renaissance Securities set a $28.00 target price on shares of IQIYI and gave the stock a “buy” rating in a report on Thursday, January 17th. ValuEngine upgraded shares of IQIYI from a “hold” rating to a “buy” rating in a report on Friday, March 1st. New Street Research upgraded shares of IQIYI from a “neutral” rating to a “buy” rating in a report on Friday, February 22nd. Finally, Zacks Investment Research downgraded shares of IQIYI from a “hold” rating to a “sell” rating in a report on Friday, March 29th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. IQIYI has a consensus rating of “Buy” and an average price target of $29.29.

IQ traded up $0.30 on Friday, reaching $23.20. 5,117,686 shares of the company traded hands, compared to its average volume of 9,794,917. IQIYI Inc has a 52-week low of $14.35 and a 52-week high of $46.23. The company has a market capitalization of $16.79 billion and a PE ratio of -9.39. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00.

IQIYI (NASDAQ:IQ) last announced its quarterly earnings data on Thursday, February 21st. The company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $1.38. IQIYI had a negative net margin of 36.00% and a negative return on equity of 74.57%. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.66 billion. IQIYI’s revenue was up 45.3% compared to the same quarter last year. On average, equities analysts forecast that IQIYI Inc will post -1.64 earnings per share for the current fiscal year.

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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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