153,444 Shares in Qudian Inc – (NYSE:QD) Acquired by Parametric Portfolio Associates LLC

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Parametric Portfolio Associates LLC bought a new position in shares of Qudian Inc – (NYSE:QD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 153,444 shares of the company’s stock, valued at approximately $1,151,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC increased its position in Qudian by 278,115.7% during the 2nd quarter. Acadian Asset Management LLC now owns 5,898,173 shares of the company’s stock worth $44,232,000 after purchasing an additional 5,896,053 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Qudian by 8,966.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,224,000 shares of the company’s stock worth $9,181,000 after acquiring an additional 1,210,500 shares during the period. Banco Santander S.A. boosted its holdings in Qudian by 82.2% in the 2nd quarter. Banco Santander S.A. now owns 24,600 shares of the company’s stock worth $185,000 after acquiring an additional 11,100 shares during the period. Aperio Group LLC boosted its holdings in Qudian by 8.5% in the 2nd quarter. Aperio Group LLC now owns 29,348 shares of the company’s stock worth $220,000 after acquiring an additional 2,297 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its holdings in Qudian by 17.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 2,374,087 shares of the company’s stock worth $17,782,000 after acquiring an additional 352,542 shares during the period. 35.76% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on QD. Zacks Investment Research cut Qudian from a “buy” rating to a “hold” rating in a report on Saturday. ValuEngine cut Qudian from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, BOCOM International began coverage on Qudian in a report on Thursday. They issued a “neutral” rating and a $6.82 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Qudian presently has an average rating of “Hold” and an average price target of $7.27.

NYSE QD opened at $6.53 on Friday. The stock has a market cap of $1.90 billion, a PE ratio of 5.78 and a beta of 1.67. Qudian Inc – has a fifty-two week low of $4.00 and a fifty-two week high of $9.20. The business has a 50 day moving average price of $7.32 and a two-hundred day moving average price of $7.34. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 0.05.

Qudian (NYSE:QD) last released its quarterly earnings results on Friday, August 16th. The company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.06. The firm had revenue of $323.48 million during the quarter. Qudian had a return on equity of 31.21% and a net margin of 44.04%. Sell-side analysts anticipate that Qudian Inc – will post 2.29 EPS for the current fiscal year.

About Qudian

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 small credit products, such as cash credit products; merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis; and budget auto financing products.

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Institutional Ownership by Quarter for Qudian (NYSE:QD)

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