Jane Street Group LLC cut its position in Qudian Inc. (NYSE:QD - Free Report) by 44.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 852,010 shares of the company's stock after selling 677,664 shares during the quarter. Jane Street Group LLC owned approximately 0.42% of Qudian worth $1,815,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC grew its stake in shares of Qudian by 91.4% in the 2nd quarter. Ballentine Partners LLC now owns 21,934 shares of the company's stock valued at $43,000 after purchasing an additional 10,476 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Qudian in the 3rd quarter valued at $32,000. BNP Paribas Financial Markets raised its position in 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 buying an additional 20,400 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Qudian in the 2nd quarter worth $65,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Qudian by 31.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company's stock valued at $2,838,000 after acquiring an additional 343,294 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company's stock.
Qudian Price Performance
Shares of NYSE QD traded down $0.03 during trading on Thursday, hitting $2.91. 396,605 shares of the company were exchanged, compared to its average volume of 699,410. Qudian Inc. has a 1 year low of $1.52 and a 1 year high of $3.20. The company has a market cap of $583.75 million, a price-to-earnings ratio of 72.75 and a beta of 0.73. The firm's fifty day moving average price is $2.60 and its 200 day moving average price is $2.13.
Qudian 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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