Sylebra HK Co Ltd Takes Position in iQIYI, Inc (IQ)

Sylebra HK Co Ltd bought a new position in iQIYI, Inc (NASDAQ:IQ) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 300,000 shares of the company’s stock, valued at approximately $4,665,000. iQIYI accounts for approximately 0.4% of Sylebra HK Co Ltd’s portfolio, making the stock its 17th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of IQ. Yong Rong HK Asset Management Ltd purchased a new position in shares of iQIYI in the first quarter worth about $88,574,000. Wells Fargo & Company MN purchased a new position in shares of iQIYI in the first quarter worth about $50,067,000. Thornburg Investment Management Inc. purchased a new position in shares of iQIYI in the first quarter worth about $43,157,000. Franklin Resources Inc. purchased a new position in shares of iQIYI in the first quarter worth about $32,967,000. Finally, Blackstone Group L.P. purchased a new position in shares of iQIYI in the first quarter worth about $31,100,000. Hedge funds and other institutional investors own 11.19% of the company’s stock.

IQ has been the subject of a number of analyst reports. Citigroup initiated coverage on shares of iQIYI in a research report on Tuesday, April 24th. They issued a “buy” rating and a $22.00 price objective for the company. Bank of America initiated coverage on shares of iQIYI in a research report on Wednesday, April 25th. They issued a “neutral” rating and a $21.00 price objective for the company. Finally, Goldman Sachs Group initiated coverage on shares of iQIYI in a research report on Tuesday, May 8th. They issued a “buy” rating and a $23.00 price objective for the company.

Shares of iQIYI traded up $1.23, reaching $35.98, during trading hours on Thursday, MarketBeat.com reports. The stock had a trading volume of 180,494 shares, compared to its average volume of 10,854,742. The company has a debt-to-equity ratio of -0.02, a quick ratio of 0.45 and a current ratio of 0.45. iQIYI, Inc has a 12 month low of $15.30 and a 12 month high of $35.95.

iQIYI (NASDAQ:IQ) last released its quarterly earnings data on Thursday, April 26th. The company reported ($2.17) EPS for the quarter. The firm had revenue of $766.86 million for the quarter. analysts anticipate that iQIYI, Inc will post -7.8 earnings per share for the current fiscal year.

iQIYI Profile

iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand name in China. The company operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.

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Institutional Ownership by Quarter for iQIYI (NASDAQ:IQ)

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