Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in IQIYI Inc (NASDAQ:IQ) by 231.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,597 shares of the company’s stock after purchasing an additional 8,097 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in IQIYI were worth $314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board lifted its stake in shares of IQIYI by 0.4% during the second quarter. Canada Pension Plan Investment Board now owns 1,506,000 shares of the company’s stock valued at $48,644,000 after buying an additional 6,000 shares during the period. Bank of Montreal Can lifted its stake in shares of IQIYI by 538.3% during the third quarter. Bank of Montreal Can now owns 967,735 shares of the company’s stock valued at $26,196,000 after buying an additional 816,118 shares during the period. Bank of America Corp DE lifted its stake in shares of IQIYI by 16.8% during the second quarter. Bank of America Corp DE now owns 291,901 shares of the company’s stock valued at $9,429,000 after buying an additional 41,901 shares during the period. Nepsis Inc. lifted its stake in shares of IQIYI by 5.4% during the third quarter. Nepsis Inc. now owns 250,285 shares of the company’s stock valued at $6,775,000 after buying an additional 12,755 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of IQIYI by 12.6% during the third quarter. BlackRock Inc. now owns 228,290 shares of the company’s stock valued at $6,180,000 after buying an additional 25,495 shares during the period. 8.25% of the stock is currently owned by institutional investors.

NASDAQ:IQ opened at $18.52 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.01. IQIYI Inc has a fifty-two week low of $15.30 and a fifty-two week high of $46.23.

IQIYI (NASDAQ:IQ) last posted its quarterly earnings results on Tuesday, October 30th. The company reported ($0.63) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.41) by ($0.22). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Sell-side analysts forecast that IQIYI Inc will post -2.39 earnings per share for the current fiscal year.

IQ has been the topic of several recent analyst reports. CLSA initiated coverage on shares of IQIYI in a research note on Tuesday, September 4th. They set a “buy” rating on the stock. Jefferies Financial Group began coverage on shares of IQIYI in a research note on Monday, October 8th. They set a “buy” rating and a $33.00 price objective on the stock. Zacks Investment Research downgraded shares of IQIYI from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. Credit Suisse Group raised shares of IQIYI from a “neutral” rating to an “outperform” rating in a research note on Wednesday, October 31st. Finally, ValuEngine downgraded shares of IQIYI from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $30.60.

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IQIYI Profile

iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand name 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.

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Institutional Ownership by Quarter for IQIYI (NASDAQ:IQ)

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