BNP Paribas Arbitrage SA Has $12.54 Million Stake in IQIYI Inc (IQ)

BNP Paribas Arbitrage SA lifted its stake in shares of IQIYI Inc (NASDAQ:IQ) by 10.2% in the 1st quarter, Holdings Channel reports. The firm owned 524,193 shares of the company’s stock after buying an additional 48,575 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in IQIYI were worth $12,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in IQ. Hillhouse Capital Management Ltd. raised its stake in shares of IQIYI by 1,633.8% during the fourth quarter. Hillhouse Capital Management Ltd. now owns 34,313,024 shares of the company’s stock worth $510,235,000 after purchasing an additional 32,333,917 shares during the last quarter. Morgan Stanley raised its stake in shares of IQIYI by 780.6% during the third 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 raised its stake in shares of IQIYI by 226.6% during the third quarter. Vanguard Group Inc now owns 4,035,708 shares of the company’s stock worth $109,247,000 after purchasing an additional 2,800,016 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of IQIYI by 226.6% during the third quarter. Vanguard Group Inc. now owns 4,035,708 shares of the company’s stock worth $109,247,000 after purchasing an additional 2,800,016 shares during the last quarter. Finally, Krane Funds Advisors LLC purchased a new stake in shares of IQIYI during the third quarter worth approximately $71,565,000. Institutional investors and hedge funds own 16.24% of the company’s stock.

Several research analysts have issued reports on IQ shares. New Street Research upgraded IQIYI from a “neutral” rating to a “buy” rating in a research report on Friday, February 22nd. ValuEngine upgraded IQIYI from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research cut IQIYI from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. OTR Global cut IQIYI to a “positive” rating in a research report on Monday, January 14th. Finally, Tigress Financial started coverage on IQIYI in a research report on Friday, March 15th. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. IQIYI currently has an average rating of “Buy” and a consensus price target of $29.33.

Shares of IQ stock opened at $21.90 on Monday. IQIYI Inc has a fifty-two week low of $14.35 and a fifty-two week high of $46.23. The firm has a market capitalization of $15.85 billion and a PE ratio of -8.87. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00.

IQIYI (NASDAQ:IQ) last announced its quarterly earnings results on Thursday, February 21st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.69) by $1.38. IQIYI had a negative return on equity of 74.57% and a negative net margin of 36.00%. The business had revenue of $7 billion during the quarter, compared to analysts’ expectations of $6.66 billion. The business’s quarterly revenue was up 45.3% on a year-over-year basis. As a group, sell-side analysts anticipate that IQIYI Inc will post -1.64 earnings per share for the current fiscal year.

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IQIYI Company 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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