Arrowstreet Capital Limited Partnership lifted its holdings in Qudian Inc. (NYSE:QD - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,242,435 shares of the company's stock after buying an additional 140,517 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.62% of Qudian worth $3,504,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of Qudian by 35.1% in the fourth quarter. SG Americas Securities LLC now owns 368,384 shares of the company's stock worth $1,039,000 after purchasing an additional 95,778 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Qudian during the fourth quarter valued at about $57,000. BNP Paribas Financial Markets raised its stake in shares of Qudian by 248.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company's stock worth $61,000 after acquiring an additional 20,400 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Qudian during the 3rd quarter valued at $846,000. Finally, Ballentine Partners LLC boosted its holdings in Qudian by 124.2% in the fourth quarter. Ballentine Partners LLC now owns 24,548 shares of the company's stock worth $69,000 after acquiring an additional 13,599 shares in the last quarter. 8.10% of the stock is currently owned by hedge funds and other institutional investors.
Qudian Trading Up 1.9 %
Shares of NYSE QD traded up $0.05 during midday trading on Monday, reaching $2.42. The company had a trading volume of 30,610 shares, compared to its average volume of 529,707. The business's 50-day simple moving average is $2.74 and its 200 day simple moving average is $2.65. Qudian Inc. has a 1 year low of $1.52 and a 1 year high of $3.34. The stock has a market cap of $484.45 million, a P/E ratio of 60.13 and a beta of 0.47.
Qudian (NYSE:QD - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%. The business had revenue of $7.16 million for the quarter.
Qudian Company Profile
(
Free Report)
Qudian Inc operates as a consumer-oriented technology company in the People's Republic of China. The company engages in the operation of online platforms to provide small consumer credit products. It also provides technology development and services; research and development services; and delivery services.
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