11,336 Shares in iQIYI, Inc. (NASDAQ:IQ) Purchased by Ground Swell Capital LLC

Ground Swell Capital LLC acquired a new stake in iQIYI, Inc. (NASDAQ:IQ) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 11,336 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors also recently added to or reduced their stakes in IQ. Vanguard Group Inc. raised its position in shares of iQIYI by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,756,701 shares of the company’s stock worth $86,653,000 after purchasing an additional 170,227 shares during the last quarter. Genesis Investment Management LLP lifted its holdings in iQIYI by 112.1% in the 3rd quarter. Genesis Investment Management LLP now owns 16,582,183 shares of the company’s stock worth $47,425,000 after buying an additional 8,765,711 shares in the last quarter. Federated Hermes Inc. lifted its holdings in iQIYI by 18.9% in the 2nd quarter. Federated Hermes Inc. now owns 16,057,035 shares of the company’s stock worth $58,929,000 after buying an additional 2,549,287 shares in the last quarter. Maple Rock Capital Partners Inc. raised its stake in shares of iQIYI by 65.4% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 10,320,000 shares of the company’s stock valued at $43,654,000 after purchasing an additional 4,080,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of iQIYI by 13.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,420 shares of the company’s stock valued at $21,443,000 after purchasing an additional 694,349 shares in the last quarter. Hedge funds and other institutional investors own 52.69% of the company’s stock.

iQIYI Stock Down 5.7 %

Shares of NASDAQ IQ opened at $2.46 on Monday. The stock has a market cap of $2.36 billion, a P/E ratio of 10.25, a P/E/G ratio of 0.71 and a beta of 0.08. The firm has a 50 day moving average price of $2.42 and a 200 day moving average price of $3.47. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 0.53. iQIYI, Inc. has a 52-week low of $1.92 and a 52-week high of $5.80.

iQIYI (NASDAQ:IQ) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. iQIYI had a return on equity of 14.57% and a net margin of 5.37%. During the same period in the prior year, the firm earned $0.05 EPS. Analysts expect that iQIYI, Inc. will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on IQ shares. The Goldman Sachs Group cut shares of iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 target price for the company. in a research report on Tuesday, August 27th. Hsbc Global Res downgraded shares of iQIYI from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 23rd. Benchmark downgraded shares of iQIYI from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. dropped their price target on shares of iQIYI from $5.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 23rd. Finally, HSBC lowered shares of iQIYI from a “hold” rating to a “reduce” rating and dropped their price target for the stock from $4.70 to $3.00 in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $3.45.

iQIYI Profile

iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.