One Wealth Management Investment & Advisory Services LLC Makes New $72,000 Investment in iQIYI, Inc. (NASDAQ:IQ)

One Wealth Management Investment & Advisory Services LLC purchased a new position in shares of iQIYI, Inc. (NASDAQ:IQ) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 25,000 shares of the company’s stock, valued at approximately $72,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. CloudAlpha Capital Management Limited Hong Kong acquired a new position in iQIYI during the 3rd quarter worth $523,000. GSA Capital Partners LLP lifted its holdings in shares of iQIYI by 127.2% in the third quarter. GSA Capital Partners LLP now owns 66,789 shares of the company’s stock valued at $191,000 after buying an additional 37,396 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of iQIYI by 181.1% in the third quarter. Principal Financial Group Inc. now owns 101,500 shares of the company’s stock valued at $290,000 after buying an additional 65,396 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of iQIYI in the third quarter valued at $32,000. Finally, Vontobel Holding Ltd. lifted its holdings in shares of iQIYI by 404.2% in the third quarter. Vontobel Holding Ltd. now owns 190,129 shares of the company’s stock valued at $544,000 after buying an additional 152,418 shares during the period. Institutional investors and hedge funds own 52.69% of the company’s stock.

iQIYI Stock Down 2.7 %

NASDAQ:IQ opened at $2.14 on Thursday. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.59 and a beta of 0.08. iQIYI, Inc. has a 1-year low of $1.92 and a 1-year high of $5.80. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67. The business’s fifty day moving average price is $2.45 and its 200 day moving average price is $3.36.

iQIYI (NASDAQ:IQ) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). iQIYI had a net margin of 5.37% and a return on equity of 14.57%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm posted $0.05 earnings per share. On average, sell-side analysts forecast that iQIYI, Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Nomura Securities raised iQIYI to a “hold” rating in a research report on Monday, August 26th. The Goldman Sachs Group lowered iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 target price on the stock. in a research report on Tuesday, August 27th. Benchmark lowered iQIYI from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. cut their target price on iQIYI from $5.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 23rd. Finally, Hsbc Global Res lowered iQIYI from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, iQIYI has a consensus rating of “Hold” and an average target price of $3.45.

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.