GAM Holding AG raised its position in IQIYI Inc (NASDAQ:IQ) by 809.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,665 shares of the company’s stock after purchasing an additional 53,993 shares during the period. GAM Holding AG’s holdings in IQIYI were worth $1,642,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of IQIYI during the 3rd quarter worth about $526,000. Pictet Asset Management Ltd. acquired a new stake in shares of IQIYI during the 3rd quarter worth about $6,867,000. Independent Advisor Alliance acquired a new stake in shares of IQIYI during the 3rd quarter worth about $202,000. Credit Suisse AG lifted its stake 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. Finally, Trexquant Investment LP acquired a new stake in shares of IQIYI during the 3rd quarter worth about $1,566,000. 8.25% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on IQ shares. CLSA started coverage on shares of IQIYI in a research note on Tuesday, September 4th. They set a “buy” rating for the company. Jefferies Financial Group started coverage on shares of IQIYI in a research report on Monday, October 8th. They set a “buy” rating and a $33.00 price target on the stock. Zacks Investment Research lowered shares of IQIYI from a “buy” rating to a “hold” rating in a research report on Saturday, October 13th. Credit Suisse Group raised shares of IQIYI from a “neutral” rating to an “outperform” rating in a research report on Wednesday, October 31st. Finally, ValuEngine lowered shares of IQIYI from a “buy” rating to a “hold” rating in a research report 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 company presently has a consensus rating of “Hold” and a consensus target price of $30.60.
Shares of IQIYI stock opened at $19.58 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.95 and a current ratio of 0.95. IQIYI Inc has a 1 year low of $15.30 and a 1 year high of $46.23.
IQIYI (NASDAQ:IQ) last announced its quarterly earnings results on Tuesday, October 30th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.22). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. On average, analysts expect that IQIYI Inc will post -2.39 earnings per share for the current fiscal year.
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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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