Robeco Institutional Asset Management B.V. Buys 1,114,390 Shares of iQIYI, Inc. (NASDAQ:IQ)

Robeco Institutional Asset Management B.V. lifted its stake in iQIYI, Inc. (NASDAQ:IQ) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,357,654 shares of the company’s stock after acquiring an additional 1,114,390 shares during the period. Robeco Institutional Asset Management B.V. owned 2.54% of iQIYI worth $48,959,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ground Swell Capital LLC acquired a new stake in iQIYI in the third quarter worth about $32,000. Flow Traders U.S. LLC acquired a new position in iQIYI during the 3rd quarter valued at approximately $32,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of iQIYI in the second quarter worth $46,000. Ballentine Partners LLC acquired a new stake in shares of iQIYI during the fourth quarter worth $47,000. Finally, HighTower Advisors LLC grew its holdings in shares of iQIYI by 102.9% during the third quarter. HighTower Advisors LLC now owns 19,840 shares of the company’s stock valued at $56,000 after buying an additional 701,901 shares during the last quarter. 52.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on IQ shares. HSBC raised iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price target for the company in a research report on Thursday, January 16th. Hsbc Global Res upgraded iQIYI from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 16th. Citigroup reduced 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. Benchmark reaffirmed a “hold” rating on shares of iQIYI in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of iQIYI from $2.50 to $1.80 and set a “neutral” rating for the company in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $2.91.

iQIYI Stock Performance

Shares of NASDAQ IQ opened at $2.16 on Thursday. iQIYI, Inc. has a 1 year low of $1.82 and a 1 year high of $5.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.45. The company’s fifty day moving average price is $2.08 and its 200 day moving average price is $2.46. The company has a market capitalization of $2.07 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 3.15 and a beta of 0.02.

iQIYI (NASDAQ:IQ) last posted its earnings results on Thursday, November 21st. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.07 EPS. On average, research analysts predict that iQIYI, Inc. will post 0.14 earnings per share for the current year.

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.