DGS Capital Management LLC Sells 9,351 Shares of iQIYI, Inc. (NASDAQ:IQ)

DGS Capital Management LLC decreased its position in iQIYI, Inc. (NASDAQ:IQ) by 35.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 17,166 shares of the company’s stock after selling 9,351 shares during the period. DGS Capital Management LLC’s holdings in iQIYI were worth $73,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of iQIYI during the 4th quarter worth approximately $49,853,000. SG Americas Securities LLC raised its stake in iQIYI by 80.6% in the 4th quarter. SG Americas Securities LLC now owns 587,980 shares of the company’s stock valued at $2,869,000 after acquiring an additional 262,461 shares during the period. Vanguard Group Inc. raised its stake in iQIYI by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 17,586,474 shares of the company’s stock valued at $83,360,000 after acquiring an additional 269,491 shares during the period. Krane Funds Advisors LLC raised its stake in iQIYI by 2.5% in the 4th quarter. Krane Funds Advisors LLC now owns 19,194,425 shares of the company’s stock valued at $93,669,000 after acquiring an additional 467,032 shares during the period. Finally, Harvest Fund Management Co. Ltd raised its stake in iQIYI by 43.2% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,291,428 shares of the company’s stock valued at $11,205,000 after acquiring an additional 691,364 shares during the period. Institutional investors own 52.69% of the company’s stock.

Wall Street Analysts Forecast Growth

IQ has been the topic of a number of research analyst reports. OTR Global restated a “mixed” rating on shares of iQIYI in a research note on Thursday, April 4th. Benchmark restated a “buy” rating and issued a $9.00 price target on shares of iQIYI in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.18.

iQIYI Stock Performance

Shares of NASDAQ IQ opened at $3.60 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s fifty day moving average price is $4.59 and its two-hundred day moving average price is $4.25. iQIYI, Inc. has a one year low of $3.06 and a one year high of $6.47. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 0.28 and a beta of 0.15.

iQIYI (NASDAQ:IQ) last issued its quarterly earnings data on Thursday, May 16th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. iQIYI had a return on equity of 17.57% and a net margin of 6.23%. On average, equities analysts forecast 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.