Asset Management One Co. Ltd. Purchases Shares of 27,778 Qudian Inc. (NYSE:QD)

Asset Management One Co. Ltd. purchased a new stake in Qudian Inc. (NYSE:QD) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 27,778 shares of the company’s stock, valued at approximately $82,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of Qudian during the 4th quarter worth about $34,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Qudian during the 3rd quarter worth about $32,000. XTX Topco Ltd acquired a new stake in shares of Qudian during the 3rd quarter worth about $50,000. Ballentine Partners LLC raised its position in shares of Qudian by 124.2% during the 4th 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. Finally, BNP Paribas Financial Markets raised its position 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. Institutional investors and hedge funds own 8.10% of the company’s stock.

Qudian Stock Performance

Shares of NYSE QD opened at $2.97 on Friday. The firm has a market capitalization of $594.78 million, a PE ratio of 74.13 and a beta of 0.72. Qudian Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.34. The stock’s 50-day simple moving average is $2.87 and its 200-day simple moving average is $2.43.

Qudian (NYSE:QD) last released its quarterly earnings results on Friday, November 22nd. The company reported $0.10 EPS for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%.

Qudian Company Profile

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.