One Wealth Management Investment & Advisory Services LLC Reduces Position in iQIYI, Inc. (NASDAQ:IQ)

One Wealth Management Investment & Advisory Services LLC lessened its stake in iQIYI, Inc. (NASDAQ:IQ) by 32.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,000 shares of the company’s stock after selling 8,000 shares during the period. One Wealth Management Investment & Advisory Services LLC’s holdings in iQIYI were worth $34,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ballentine Partners LLC bought a new stake in iQIYI during the 4th quarter valued at $47,000. Principal Financial Group Inc. raised 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 acquiring an additional 65,396 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in iQIYI in the third quarter worth about $835,000. Franklin Resources Inc. grew its holdings in iQIYI by 16.0% during the 3rd quarter. Franklin Resources Inc. now owns 173,386 shares of the company’s stock worth $496,000 after acquiring an additional 23,926 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in iQIYI during the 3rd quarter valued at about $164,000. Hedge funds and other institutional investors own 52.69% of the company’s stock.

iQIYI Stock Up 2.6 %

iQIYI stock opened at $2.00 on Friday. iQIYI, Inc. has a 1-year low of $1.82 and a 1-year high of $5.80. The business has a fifty day moving average price of $2.08 and a 200-day moving average price of $2.52. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.45 and a quick ratio of 0.45. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 3.15 and a beta of 0.02.

iQIYI (NASDAQ:IQ) last issued its quarterly earnings results on Thursday, November 21st. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. iQIYI had a return on equity of 13.26% and a net margin of 4.69%. During the same period in the prior year, the firm earned $0.07 earnings per share. Equities research analysts forecast that iQIYI, Inc. will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on IQ. Citigroup lowered their price target on shares of iQIYI from $3.00 to $2.80 and set a “buy” rating for the company in a research report on Thursday, January 16th. HSBC raised iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 target price on the stock in a research report on Thursday, January 16th. Benchmark reissued a “hold” rating on shares of iQIYI in a research report on Friday, November 22nd. Hsbc Global Res upgraded iQIYI from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 16th. Finally, OTR Global reiterated a “negative” rating on shares of iQIYI in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.