E Fund Management Hong Kong Co. Ltd. lessened its holdings in iQIYI, Inc. (NASDAQ:IQ) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,451 shares of the company’s stock after selling 2,407 shares during the period. iQIYI makes up 0.7% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 23rd largest position. E Fund Management Hong Kong Co. Ltd.’s holdings in iQIYI were worth $1,129,000 as of its most recent SEC filing. Several other institutional investors have also made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of iQIYI by 1.7% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 46,262 shares of the company’s stock valued at $769,000 after purchasing an additional 793 shares during the last quarter. American International Group Inc. lifted its stake in iQIYI by 28.1% during the 1st quarter. American International Group Inc. now owns 3,642 shares of the company’s stock worth $61,000 after acquiring an additional 800 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in iQIYI by 6.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,569 shares of the company’s stock worth $309,000 after acquiring an additional 1,139 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in iQIYI by 0.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 262,248 shares of the company’s stock worth $4,340,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in iQIYI by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 277,708 shares of the company’s stock worth $4,855,000 after acquiring an additional 1,754 shares in the last quarter. 37.15% of the stock is currently owned by institutional investors and hedge funds. Several equities analysts recently issued reports on IQ shares. UBS Group raised iQIYI from a “neutral” rating to a “buy” rating in a research note on Monday, May 24th. Zacks Investment Research lowered iQIYI from a “hold” rating to a “sell” rating in a research note on Wednesday, July 28th. OTR Global raised iQIYI from a “mixed” rating to a “positive” rating in a research note on Wednesday, July 7th. Credit Suisse Group upgraded iQIYI from an “underperform” rating to a “neutral” rating and cut their price target for the stock from $18.50 to $17.00 in a report on Thursday, April 29th. Finally, KeyCorp cut their price target on iQIYI from $26.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $19.53. [IQ] remained flat at $$9.47 during mid-day trading on Friday. The stock had a trading volume of 10,888,123 shares, compared to its average volume of 9,681,013. iQIYI, Inc. has a fifty-two week low of $9.12 and a fifty-two week high of $28.97. The company has a market cap of $7.42 billion, a price-to-earnings ratio of -8.77 and a beta of 0.81. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average is $13.11. iQIYI (NASDAQ:IQ) last released its quarterly earnings data on Tuesday, May 18th. The company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.07. iQIYI had a negative return on equity of 68.34% and a negative net margin of 17.88%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. On average, equities research analysts predict that iQIYI, Inc. will post -1.21 earnings per share for the current fiscal year. iQIYI Company Profile iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in the People's Republic of China. The company offers various products and services comprising internet video, online games, live broadcasting, online literature, animations, e-commerce, and social media platform. Recommended Story: P/E Growth (PEG) Receive News & Ratings for iQIYI Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iQIYI and related companies with [MarketBeat.com's FREE daily email newsletter](/daily-email-updates-basic/?symbol=NASDAQ:IQ&c=iQIYI) .
