Laurion Capital Management LP acquired a new position in shares of Qudian Inc – (NYSE:QD) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 807,988 shares of the company’s stock, valued at approximately $4,210,000. Laurion Capital Management LP owned 0.24% of Qudian at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Engineers Gate Manager LP acquired a new stake in Qudian during the 2nd quarter worth approximately $365,000. AMP Capital Investors Ltd acquired a new stake in Qudian during the 2nd quarter worth approximately $731,000. GAM Holding AG acquired a new stake in Qudian during the 2nd quarter worth approximately $530,000. Global X Management Co LLC acquired a new stake in Qudian during the 2nd quarter worth approximately $229,000. Finally, First Trust Advisors LP acquired a new stake in Qudian during the 2nd quarter worth approximately $2,983,000. Institutional investors and hedge funds own 4.22% of the company’s stock.
Shares of NYSE:QD opened at $4.96 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.72 and a quick ratio of 2.72. Qudian Inc – has a 52-week low of $4.00 and a 52-week high of $17.80. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 4.77 and a beta of 0.52.
Qudian (NYSE:QD) last issued its quarterly earnings data on Wednesday, November 21st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Qudian had a net margin of 30.49% and a return on equity of 22.42%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $2.41 billion. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year.
A number of analysts recently issued reports on the stock. Needham & Company LLC downgraded shares of Qudian from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Macquarie downgraded shares of Qudian from an “outperform” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Monday, August 27th. Sanford C. Bernstein downgraded shares of Qudian from an “outperform” rating to a “market perform” rating and set a $7.00 price objective for the company. in a research report on Thursday, August 23rd. Finally, ValuEngine downgraded shares of Qudian from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Qudian presently has a consensus rating of “Hold” and an average price target of $17.75.
Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers cash credit products, such as cash short-term unsecured lines of credit, which are distributed in digital form; and merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis, as well as budget auto financing products.
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