Virtu Financial LLC Takes $282,000 Position in iQIYI, Inc. (NASDAQ:IQ)

Virtu Financial LLC acquired a new position in iQIYI, Inc. (NASDAQ:IQ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 98,685 shares of the company’s stock, valued at approximately $282,000.

Other hedge funds also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of iQIYI during the second quarter valued at about $31,000. Ground Swell Capital LLC acquired a new position in iQIYI during the 3rd quarter valued at approximately $32,000. Flow Traders U.S. LLC purchased a new position in shares of iQIYI in the third quarter worth $32,000. Seven Eight Capital LP acquired a new stake in shares of iQIYI during the second quarter worth $42,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of iQIYI during the second quarter valued at $46,000. Hedge funds and other institutional investors own 52.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on IQ shares. JPMorgan Chase & Co. lowered their price target on iQIYI from $2.50 to $1.80 and set a “neutral” rating for the company in a research report on Friday, November 22nd. Nomura Securities upgraded iQIYI to a “hold” rating in a research report on Monday, August 26th. Benchmark reissued a “hold” rating on shares of iQIYI in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group downgraded shares of iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 price objective on the stock. in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, iQIYI currently has an average rating of “Hold” and an average price target of $3.15.

iQIYI Stock Up 2.4 %

iQIYI stock opened at $2.14 on Wednesday. iQIYI, Inc. has a 52 week low of $1.89 and a 52 week high of $5.80. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 0.60 and a beta of 0.02. The business’s 50-day moving average price is $2.36 and its 200 day moving average price is $2.89. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.65.

About iQIYI

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.