iQIYI, Inc. (NASDAQ:IQ) is Krane Funds Advisors LLC’s 9th Largest Position

Krane Funds Advisors LLC increased its holdings in shares of iQIYI, Inc. (NASDAQ:IQ) by 2.5% in the fourth quarter, Holdings Channel reports. The firm owned 19,194,425 shares of the company’s stock after acquiring an additional 467,032 shares during the period. iQIYI accounts for 3.9% of Krane Funds Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Krane Funds Advisors LLC’s holdings in iQIYI were worth $93,669,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Athos Capital Ltd purchased a new position in iQIYI in the fourth quarter valued at about $2,952,000. Prudential PLC grew its stake in shares of iQIYI by 40.1% in the fourth quarter. Prudential PLC now owns 126,570 shares of the company’s stock valued at $618,000 after buying an additional 36,242 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of iQIYI by 321.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,585 shares of the company’s stock valued at $86,000 after buying an additional 13,417 shares during the period. Aigen Investment Management LP acquired a new position in iQIYI during the 4th quarter worth approximately $150,000. Finally, Norges Bank purchased a new position in iQIYI in the 4th quarter worth approximately $49,853,000. Hedge funds and other institutional investors own 52.69% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on IQ. Benchmark reiterated a “buy” rating and set a $9.00 price objective on shares of iQIYI in a research note on Friday, May 17th. OTR Global reaffirmed a “mixed” rating on shares of iQIYI in a report on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.18.

iQIYI Stock Up 0.7 %

NASDAQ IQ traded up $0.03 during mid-day trading on Friday, reaching $4.13. 24,653,085 shares of the company’s stock traded hands, compared to its average volume of 9,293,525. The company has a fifty day simple moving average of $4.65 and a 200-day simple moving average of $4.28. iQIYI, Inc. has a 1-year low of $3.06 and a 1-year high of $6.47. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 0.30 and a beta of 0.15. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.68.

iQIYI (NASDAQ:IQ) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. iQIYI had a net margin of 6.23% and a return on equity of 17.57%. As a group, equities research analysts expect that iQIYI, Inc. will post 0.38 EPS for the current year.

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.