IQIYI Inc (NASDAQ:IQ) Shares Acquired by Bellecapital International Ltd.

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Bellecapital International Ltd. increased its stake in shares of IQIYI Inc (NASDAQ:IQ) by 73.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,382 shares of the company’s stock after acquiring an additional 7,370 shares during the quarter. Bellecapital International Ltd.’s holdings in IQIYI were worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IQ. Nwam LLC lifted its position in shares of IQIYI by 104.4% in the second quarter. Nwam LLC now owns 29,708 shares of the company’s stock valued at $613,000 after acquiring an additional 15,173 shares in the last quarter. Ocean Arete Ltd. purchased a new position in shares of IQIYI in the second quarter valued at about $6,110,000. NEXT Financial Group Inc lifted its position in shares of IQIYI by 756.1% in the second quarter. NEXT Financial Group Inc now owns 3,082 shares of the company’s stock valued at $64,000 after acquiring an additional 2,722 shares in the last quarter. AdvisorNet Financial Inc purchased a new position in shares of IQIYI in the second quarter valued at about $25,000. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of IQIYI in the second quarter valued at about $262,000. Institutional investors and hedge funds own 20.11% of the company’s stock.

Shares of NASDAQ IQ opened at $16.97 on Friday. The stock has a 50 day moving average price of $18.86 and a 200 day moving average price of $21.27. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of -6.87 and a beta of 2.99. IQIYI Inc has a 52-week low of $14.35 and a 52-week high of $32.46.

IQIYI (NASDAQ:IQ) last posted its earnings results on Thursday, May 16th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.17. IQIYI had a negative return on equity of 52.01% and a negative net margin of 38.72%. The company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.89 billion. During the same quarter in the prior year, the business earned ($0.31) earnings per share. IQIYI’s revenue was up 43.0% on a year-over-year basis. Analysts forecast that IQIYI Inc will post -1.77 earnings per share for the current year.

A number of equities research analysts recently commented on IQ shares. KeyCorp started coverage on IQIYI in a research report on Monday, July 29th. They issued a “sector weight” rating and a $21.00 target price on the stock. Jefferies Financial Group started coverage on IQIYI in a research report on Monday, August 5th. They issued a “buy” rating and a $21.80 target price on the stock. Credit Suisse Group reiterated an “outperform” rating on shares of IQIYI in a research report on Wednesday, July 17th. Loop Capital began coverage on IQIYI in a research note on Monday, June 3rd. They set a “hold” rating and a $20.00 price objective on the stock. Finally, Zacks Investment Research cut IQIYI from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $22.63.

IQIYI Profile

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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