DGS Capital Management LLC Has $129,000 Stake in iQIYI, Inc. (NASDAQ:IQ)

DGS Capital Management LLC raised its position in iQIYI, Inc. (NASDAQ:IQ) by 111.1% during the fourth quarter, Holdings Channel reports. The firm owned 26,517 shares of the company’s stock after purchasing an additional 13,958 shares during the period. DGS Capital Management LLC’s holdings in iQIYI were worth $129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IQ. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of iQIYI by 168.0% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 187,631 shares of the company’s stock worth $833,000 after purchasing an additional 117,612 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of iQIYI by 79.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 59,542 shares of the company’s stock valued at $270,000 after acquiring an additional 26,363 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of iQIYI by 27.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 31,215 shares of the company’s stock valued at $142,000 after acquiring an additional 6,676 shares during the period. Panagora Asset Management Inc. lifted its position in shares of iQIYI by 9.7% during the 1st quarter. Panagora Asset Management Inc. now owns 79,898 shares of the company’s stock valued at $363,000 after acquiring an additional 7,049 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of iQIYI by 18.6% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 141,000 shares of the company’s stock valued at $640,000 after acquiring an additional 22,100 shares during the period. Institutional investors and hedge funds own 52.69% of the company’s stock.

iQIYI Stock Performance

IQ opened at $4.17 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average price is $3.91 and its two-hundred day moving average price is $4.30. iQIYI, Inc. has a 1-year low of $3.06 and a 1-year high of $7.29. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 18.96 and a beta of 0.27.

iQIYI (NASDAQ:IQ) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. On average, analysts expect that iQIYI, Inc. will post 0.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, OTR Global reiterated a “mixed” rating on shares of iQIYI in a research report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.54.

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.