River & Mercantile Asset Management LLP purchased a new position in Qudian Inc – (NYSE:QD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 324,040 shares of the company’s stock, valued at approximately $1,695,000. River & Mercantile Asset Management LLP owned 0.10% of Qudian at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of QD. Laurion Capital Management LP purchased a new position in Qudian in the 3rd quarter worth about $4,210,000. BlackRock Inc. increased its stake in Qudian by 67.5% in the 2nd quarter. BlackRock Inc. now owns 1,985,840 shares of the company’s stock worth $17,595,000 after buying an additional 800,091 shares during the period. Credit Suisse AG increased its stake in Qudian by 943.9% in the 3rd quarter. Credit Suisse AG now owns 594,767 shares of the company’s stock worth $3,099,000 after buying an additional 537,794 shares during the period. First Trust Advisors LP purchased a new position in Qudian in the 2nd quarter worth about $2,983,000. Finally, Federated Investors Inc. PA increased its stake in Qudian by 40.8% in the 2nd quarter. Federated Investors Inc. PA now owns 1,155,185 shares of the company’s stock worth $10,235,000 after buying an additional 334,985 shares during the period. 4.22% of the stock is currently owned by institutional investors.
Shares of Qudian stock opened at $4.96 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.02. Qudian Inc – has a 1 year low of $4.00 and a 1 year high of $17.80. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 4.55 and a beta of 0.52.
Qudian (NYSE:QD) last issued its earnings results on Wednesday, November 21st. The company reported $0.31 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.41 billion. Qudian’s revenue was up 32.9% on a year-over-year basis.
Several research analysts have issued reports on QD shares. Sanford C. Bernstein cut shares of Qudian from an “outperform” rating to a “market perform” rating and set a $7.00 target price on the stock. in a report on Thursday, August 23rd. Macquarie cut shares of Qudian from an “outperform” rating to a “neutral” rating and set a $36.00 target price on the stock. in a report on Monday, August 27th. Needham & Company LLC cut shares of Qudian from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Finally, ValuEngine cut shares of Qudian from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.75.
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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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