SG Americas Securities LLC Purchases 390,088 Shares of iQIYI, Inc. Sponsored ADR $IQ

SG Americas Securities LLC boosted its holdings in iQIYI, Inc. Sponsored ADR (NASDAQ:IQ) by 33.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,571,432 shares of the company’s stock after purchasing an additional 390,088 shares during the quarter. SG Americas Securities LLC owned about 0.16% of iQIYI worth $2,781,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC bought a new stake in shares of iQIYI during the first quarter worth about $30,000. DRW Securities LLC bought a new position in iQIYI in the 1st quarter valued at about $33,000. SBI Securities Co. Ltd. boosted its stake in iQIYI by 199.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 45,021 shares of the company’s stock valued at $80,000 after purchasing an additional 29,999 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in iQIYI by 15,081.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 44,481 shares of the company’s stock worth $101,000 after purchasing an additional 44,188 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in iQIYI by 48.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 425,400 shares of the company’s stock worth $753,000 after purchasing an additional 138,300 shares in the last quarter. 52.69% of the stock is owned by institutional investors.

iQIYI Price Performance

Shares of NASDAQ:IQ opened at $2.18 on Wednesday. The company’s 50-day moving average is $2.36 and its 200 day moving average is $2.09. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market capitalization of $2.10 billion, a P/E ratio of 218.22 and a beta of -0.09. iQIYI, Inc. Sponsored ADR has a fifty-two week low of $1.50 and a fifty-two week high of $2.84.

Analyst Upgrades and Downgrades

IQ has been the topic of a number of recent research reports. Jefferies Financial Group raised their target price on iQIYI from $2.10 to $2.50 and gave the company a “buy” rating in a report on Wednesday, August 20th. Cfra Research cut iQIYI from a “hold” rating to a “moderate sell” rating in a research note on Thursday, August 28th. UBS Group upgraded shares of iQIYI from a “neutral” rating to a “buy” rating and set a $3.32 target price for the company in a research note on Thursday, August 21st. CLSA upgraded shares of iQIYI from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 19th. Finally, Wall Street Zen lowered shares of iQIYI from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $2.51.

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.