Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of IQIYI Inc (NASDAQ:IQ) by 21.6% during the 4th quarter, HoldingsChannel reports. The fund owned 14,097 shares of the company’s stock after purchasing an additional 2,500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in IQIYI were worth $210,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IQ. Morgan Stanley raised its position in shares of IQIYI by 780.6% during the 3rd quarter. Morgan Stanley now owns 4,272,978 shares of the company’s stock worth $115,670,000 after purchasing an additional 3,787,741 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of IQIYI by 226.6% during the 3rd quarter. Vanguard Group Inc now owns 4,035,708 shares of the company’s stock worth $109,247,000 after buying an additional 2,800,016 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of IQIYI by 226.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,035,708 shares of the company’s stock worth $109,247,000 after buying an additional 2,800,016 shares during the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of IQIYI during the 3rd quarter worth approximately $71,565,000. Finally, Credit Suisse AG increased its holdings in shares of IQIYI by 124.5% during the 3rd quarter. Credit Suisse AG now owns 4,040,503 shares of the company’s stock worth $109,377,000 after buying an additional 2,240,359 shares during the last quarter. 8.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:IQ traded up $0.65 during mid-day trading on Tuesday, reaching $21.48. 106,664 shares of the company were exchanged, compared to its average volume of 8,859,024. 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 1 year low of $14.35 and a 1 year high of $46.23.

A number of analysts have recently issued reports on IQ shares. Credit Suisse Group upgraded shares of IQIYI from a “neutral” rating to an “outperform” rating in a report on Wednesday, October 31st. Zacks Investment Research downgraded shares of IQIYI from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. ValuEngine downgraded shares of IQIYI from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. HSBC started coverage on shares of IQIYI in a report on Wednesday, December 12th. They set a “hold” rating and a $22.00 price target for the company. Finally, OTR Global downgraded shares of IQIYI to a “positive” rating in a report on Monday, January 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. IQIYI currently has a consensus rating of “Hold” and a consensus price target of $29.00.

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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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