Jacobs & Co. CA raised its position in IQIYI Inc (NASDAQ:IQ) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,052 shares of the company’s stock after buying an additional 2,000 shares during the period. Jacobs & Co. CA’s holdings in IQIYI were worth $549,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc purchased a new stake in shares of IQIYI during the 2nd quarter worth approximately $25,000. Resources Investment Advisors LLC. increased its stake in shares of IQIYI by 415.7% during the 2nd quarter. Resources Investment Advisors LLC. now owns 1,805 shares of the company’s stock worth $37,000 after purchasing an additional 1,455 shares during the last quarter. Advantage Investment Management LLC increased its stake in shares of IQIYI by 50.7% during the 3rd quarter. Advantage Investment Management LLC now owns 2,914 shares of the company’s stock worth $47,000 after purchasing an additional 980 shares during the last quarter. Intercontinental Wealth Advisors LLC boosted its holdings in IQIYI by 80.2% in the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 3,010 shares of the company’s stock worth $49,000 after buying an additional 1,340 shares during the period. Finally, NEXT Financial Group Inc boosted its holdings in IQIYI by 756.1% in the 2nd quarter. NEXT Financial Group Inc now owns 3,082 shares of the company’s stock worth $64,000 after buying an additional 2,722 shares during the period. Hedge funds and other institutional investors own 23.44% of the company’s stock.

NASDAQ:IQ traded down $0.48 during trading hours on Friday, hitting $19.52. The stock had a trading volume of 9,960,700 shares, compared to its average volume of 8,375,789. The company has a 50 day simple moving average of $16.99 and a two-hundred day simple moving average of $18.56. IQIYI Inc has a one year low of $14.35 and a one year high of $29.18. The firm has a market capitalization of $12.90 billion, a price-to-earnings ratio of -7.90 and a beta of 2.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.16 and a quick ratio of 1.16.

IQIYI (NASDAQ:IQ) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($5.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($4.30). IQIYI had a negative net margin of 38.28% and a negative return on equity of 60.21%. The company had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter in the prior year, the firm earned ($0.62) EPS. IQIYI’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that IQIYI Inc will post -1.98 earnings per share for the current year.

IQ has been the subject of several analyst reports. ValuEngine downgraded shares of IQIYI from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Zacks Investment Research raised shares of IQIYI from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Credit Suisse Group downgraded shares of IQIYI from an “outperform” rating to a “neutral” rating in a report on Tuesday, August 20th. Sanford C. Bernstein raised shares of IQIYI from an “underperform” rating to a “market perform” rating in a report on Thursday, September 12th. Finally, CLSA downgraded shares of IQIYI from an “outperform” rating to an “underperform” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $21.40.

IQIYI 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.

Further Reading: Mutual Funds

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Institutional Ownership by Quarter for IQIYI (NASDAQ:IQ)

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