Krane Funds Advisors LLC recently announced the acquisition of new stake in iQIYI Inc ADR (NASDAQ:IQ). The institutional investor has increased its shareholding in the Communication Services company by 14.64% to 18.73 million shares with purchase of 2.39 million shares. This fresh investment now brings its stake to 3.59% valued currently at $84.09 million. In addition, Robeco Institutional Asset Manage raised its holdings by 15.93 million to 17.36 million shares. And FIL Investment Management has lifted its position by 40.30% or 4.51 million shares – to 15.71 million shares.
Currently, there are 522.25M common shares owned by the public and among those 521.87M shares have been available to trade.
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The top 3 mutual fund holders in iQIYI Inc ADR are KraneShares CSI China Internet ET, Fidelity Funds SICAV – China Cons, and Robeco Capital Gr. Fds. – Emergin. KraneShares CSI China Internet ET owns 17.68 million shares of the company’s stock, all valued at over $79.38 million. Fidelity Funds SICAV – China Cons bought 1.52 million shares to see its total holdings expand to 15.86 million shares valued at over $71.2 million and representing 3.04% of the shares outstanding. Robeco Capital Gr. Fds. – Emergin bought 1.4 million shares to bring its total holdings to over 8.12 million shares at a value of $36.46 million. Robeco Capital Gr. Fds. – Emergin now owns shares totaling to 1.56% of the shares outstanding.
However, the script later moved the day high at 4.6800, down -1.07%. The company’s stock has a 5-day price change of 1.31% and -3.54% over the past three months. IQ shares are trading -12.64% year to date (YTD), with the 12-month market performance up to 25.47% higher. It has a 12-month low price of $3.49 and touched a high of $7.99 over the same period. IQ has an average intraday trading volume of 7.70 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.33%, -2.34%, and -14.40% respectively.
Institutional ownership of iQIYI Inc ADR (NASDAQ: IQ) shares accounts for 58.75% of the company’s 522.25M shares outstanding. Mutual fund holders own 25.65%, while other institutional holders and individual stakeholders account for 33.20% and — respectively.
It has a market capitalization of $2.42B and a beta (3y monthly) value of 0.40. The stock’s trailing 12-month PE ratio is 17.61, while the earnings-per-share (ttm) stands at $0.26. The company has a PEG of 3.95 and a Quick Ratio of 0.51 with the debt-to-equity ratio at 1.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.31% over the week and 4.30% over the month.
Earnings per share for the fiscal year are expected to increase by 95.33%, and 29.52% over the next financial year.
