Headlands Technologies LLC Trims Stock Position in iQIYI, Inc. (NASDAQ:IQ)

Headlands Technologies LLC decreased its position in shares of iQIYI, Inc. (NASDAQ:IQ) by 84.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 118,944 shares of the company’s stock after selling 636,199 shares during the quarter. Headlands Technologies LLC’s holdings in iQIYI were worth $239,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its position in shares of iQIYI by 4.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 24,357,654 shares of the company’s stock valued at $48,959,000 after purchasing an additional 1,114,390 shares during the period. Vanguard Group Inc. boosted its stake in shares of iQIYI by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 18,293,085 shares of the company’s stock worth $36,769,000 after buying an additional 502,154 shares during the period. Geode Capital Management LLC increased its holdings in shares of iQIYI by 3.6% in the third quarter. Geode Capital Management LLC now owns 3,259,673 shares of the company’s stock valued at $9,256,000 after purchasing an additional 112,709 shares during the period. Harvest Fund Management Co. Ltd lifted its holdings in shares of iQIYI by 13.9% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,228,223 shares of the company’s stock worth $6,489,000 after purchasing an additional 393,834 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in iQIYI in the 4th quarter valued at $6,297,000. 52.69% of the stock is owned by hedge funds and other institutional investors.

iQIYI Price Performance

IQ stock opened at $1.81 on Friday. The firm has a 50 day moving average of $2.27 and a 200-day moving average of $2.28. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 4.13 and a beta of -0.18. The company has a current ratio of 0.44, a quick ratio of 0.45 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 issued its quarterly earnings data 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. The firm had revenue of $919.56 million during the quarter, compared to analysts’ expectations of $6.62 billion. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. As a group, equities analysts expect that iQIYI, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IQ has been the subject of several recent analyst reports. Citigroup reduced 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 reaffirmed a “negative” rating on shares of iQIYI in a report on Wednesday, January 8th. Hsbc Global Res raised iQIYI from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 16th. 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. Finally, Benchmark reiterated a “hold” rating on shares of iQIYI in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, iQIYI presently has an average rating of “Hold” and an average target price of $2.91.

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.