Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of IQIYI Inc (NASDAQ:IQ) by 2.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,407 shares of the company’s stock after acquiring an additional 1,156 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in IQIYI were worth $773,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Verus Capital Partners LLC acquired a new stake in IQIYI in the 4th quarter worth about $28,000. NINE MASTS CAPITAL Ltd acquired a new stake in IQIYI in the 1st quarter worth about $30,000. US Bancorp DE boosted its holdings in IQIYI by 2,538.2% in the 4th quarter. US Bancorp DE now owns 1,451 shares of the company’s stock worth $31,000 after buying an additional 1,396 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in IQIYI in the 1st quarter worth about $66,000. Finally, Reilly Financial Advisors LLC acquired a new stake in IQIYI in the 1st quarter worth about $89,000. Hedge funds and other institutional investors own 24.75% of the company’s stock.

IQ stock opened at $16.50 on Friday. The company has a quick ratio of 1.00, a current ratio of 0.93 and a debt-to-equity ratio of 1.86. The firm’s 50 day moving average price is $17.60 and its 200-day moving average price is $20.37. IQIYI Inc has a one year low of $14.51 and a one year high of $27.50.

IQIYI (NASDAQ:IQ) last released its quarterly earnings results on Monday, May 18th. The company reported ($3.92) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($3.43). The firm had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.27 billion. IQIYI had a negative net margin of 38.37% and a negative return on equity of 102.31%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.97) EPS. As a group, research analysts expect that IQIYI Inc will post -1.61 earnings per share for the current fiscal year.

IQ has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded IQIYI from an “underweight” rating to a “neutral” rating and set a $22.00 price objective on the stock in a report on Wednesday, February 26th. BidaskClub lowered shares of IQIYI from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. CLSA raised shares of IQIYI from an “underperform” rating to an “outperform” rating and set a $27.00 target price on the stock in a research note on Friday, February 28th. UBS Group assumed coverage on shares of IQIYI in a research note on Monday, April 13th. They issued an “outperform” rating and a $23.00 target price on the stock. Finally, HSBC decreased their target price on shares of IQIYI from $32.00 to $23.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $21.98.

About IQIYI

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.

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Institutional Ownership by Quarter for IQIYI (NASDAQ:IQ)

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