iQIYI, Inc. (NASDAQ:IQ) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC reduced its holdings in iQIYI, Inc. (NASDAQ:IQ) by 28.3% during the 3rd quarter, Holdings Channel reports. The firm owned 38,522 shares of the company’s stock after selling 15,212 shares during the quarter. DGS Capital Management LLC’s holdings in iQIYI were worth $110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. California State Teachers Retirement System raised its position in shares of iQIYI by 2.4% during the 1st quarter. California State Teachers Retirement System now owns 127,426 shares of the company’s stock worth $539,000 after purchasing an additional 2,950 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in iQIYI by 59.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,954 shares of the company’s stock worth $81,000 after buying an additional 8,225 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of iQIYI during the second quarter valued at approximately $31,000. Sei Investments Co. raised its holdings in shares of iQIYI by 10.1% during the second quarter. Sei Investments Co. now owns 112,270 shares of the company’s stock valued at $412,000 after acquiring an additional 10,342 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of iQIYI by 6.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 187,200 shares of the company’s stock valued at $687,000 after acquiring an additional 10,700 shares in the last quarter. 52.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Benchmark reiterated a “hold” rating on shares of iQIYI in a research report on Friday, November 22nd. The Goldman Sachs Group lowered shares of iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 target price for the company. in a report on Tuesday, August 27th. Nomura Securities raised shares of iQIYI to a “hold” rating in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of iQIYI from $2.50 to $1.80 and set a “neutral” rating for the company in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, iQIYI currently has a consensus rating of “Hold” and a consensus price target of $3.15.

iQIYI Trading Down 0.9 %

Shares of IQ stock opened at $2.27 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65. iQIYI, Inc. has a twelve month low of $1.89 and a twelve month high of $5.80. The company’s 50-day moving average price is $2.37 and its 200-day moving average price is $2.92. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 0.60 and a beta of 0.02.

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.