Jane Street Group LLC cut its stake in Qudian Inc. (NYSE:QD - Free Report) by 73.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,328 shares of the company's stock after selling 626,682 shares during the period. Jane Street Group LLC owned 0.11% of Qudian worth $635,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. acquired a new position in shares of Qudian in the 4th quarter valued at $30,000. Brighton Jones LLC purchased a new stake in Qudian in the 4th quarter worth $34,000. SBI Securities Co. Ltd. purchased a new stake in Qudian in the 4th quarter worth $57,000. Ballentine Partners LLC increased its holdings in Qudian by 124.2% in 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, Asset Management One Co. Ltd. purchased a new stake in Qudian in the 4th quarter worth $82,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.
Qudian Price Performance
NYSE QD traded up $0.03 on Thursday, hitting $2.98. The company had a trading volume of 308,109 shares, compared to its average volume of 506,652. The company has a market capitalization of $502.69 million, a PE ratio of 74.50 and a beta of 0.58. The company's fifty day moving average price is $2.66 and its 200-day moving average price is $2.76. Qudian Inc. has a 12-month low of $1.52 and a 12-month high of $3.34.
Qudian (NYSE:QD - Get Free Report) last released its 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.
About Qudian
(
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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