Qudian Inc – (NYSE:QD) Shares Purchased by California Public Employees Retirement System

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California Public Employees Retirement System lifted its position in Qudian Inc – (NYSE:QD) by 87.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,709 shares of the company’s stock after purchasing an additional 59,725 shares during the quarter. California Public Employees Retirement System’s holdings in Qudian were worth $880,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Morgan Stanley lifted its position in Qudian by 609.1% during the 2nd quarter. Morgan Stanley now owns 9,684,646 shares of the company’s stock worth $72,634,000 after acquiring an additional 8,318,822 shares during the period. TT International acquired a new stake in Qudian during the 2nd quarter worth approximately $63,828,000. Man Group plc raised its stake in shares of Qudian by 1,111.7% during the 2nd quarter. Man Group plc now owns 5,974,376 shares of the company’s stock worth $44,808,000 after buying an additional 5,481,320 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of 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 buying an additional 5,896,053 shares in the last quarter. Finally, Polunin Capital Partners Ltd raised its stake in shares of Qudian by 1.9% during the 3rd quarter. Polunin Capital Partners Ltd now owns 4,924,887 shares of the company’s stock worth $33,932,000 after buying an additional 93,900 shares in the last quarter. 39.35% of the stock is owned by hedge funds and other institutional investors.

Qudian stock opened at $4.96 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.48 and a current ratio of 4.48. The stock has a fifty day moving average of $6.43 and a two-hundred day moving average of $7.41. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 4.39 and a beta of 1.67. Qudian Inc – has a fifty-two week low of $4.07 and a fifty-two week high of $9.20.

Qudian (NYSE:QD) last released its quarterly earnings results on Monday, November 25th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.02). The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Qudian had a return on equity of 33.49% and a net margin of 44.87%. The business’s quarterly revenue was up 34.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. On average, analysts forecast that Qudian Inc – will post 2 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on QD shares. ValuEngine raised Qudian from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 20th. BOCOM International started coverage on Qudian in a research note on Thursday, October 10th. They set a “neutral” rating and a $6.82 target price for the company. Zacks Investment Research downgraded Qudian from a “hold” rating to a “sell” rating in a research note on Saturday, November 9th. Nomura cut their target price on Qudian from $10.00 to $6.51 and set a “neutral” rating for the company in a research note on Wednesday, November 20th. Finally, Macquarie downgraded Qudian from a “neutral” rating to an “underperform” rating and set a $4.00 target price for the company. in a research note on Wednesday, November 20th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $6.64.

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.

Further Reading: What are retained earnings?

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Institutional Ownership by Quarter for Qudian (NYSE:QD)

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