DGS Capital Management LLC Has $129,000 Stock Holdings in iQIYI, Inc. (NASDAQ:IQ)

DGS Capital Management LLC grew its position in iQIYI, Inc. (NASDAQ:IQ) by 111.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,517 shares of the company’s stock after purchasing an additional 13,958 shares during the period. DGS Capital Management LLC’s holdings in iQIYI were worth $129,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FMR LLC increased its position in shares of iQIYI by 92.1% during the first quarter. FMR LLC now owns 6,366 shares of the company’s stock worth $46,000 after acquiring an additional 3,052 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of iQIYI during the third quarter worth $49,000. Castleview Partners LLC bought a new stake in shares of iQIYI during the first quarter worth $80,000. Ballentine Partners LLC bought a new position in iQIYI in the fourth quarter valued at $54,000. Finally, Mariner LLC bought a new position in iQIYI in the third quarter valued at $53,000. 52.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, OTR Global reaffirmed a “mixed” rating on shares of iQIYI in a research report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $6.54.

iQIYI Stock Up 1.7 %

iQIYI stock opened at $4.17 on Thursday. The company has a market cap of $4.00 billion, a P/E ratio of 18.96 and a beta of 0.27. iQIYI, Inc. has a 1-year low of $3.06 and a 1-year high of $7.29. The company has a fifty day simple moving average of $3.91 and a 200 day simple moving average of $4.30. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.68.

iQIYI (NASDAQ:IQ) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Research analysts anticipate that iQIYI, Inc. will post 0.38 earnings per share for the current fiscal year.

iQIYI Company 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.