Public Employees Retirement System of Ohio Decreases Position in Qudian Inc. - Sponsored ADR $QD

Key Points

• The Public Employees Retirement System of Ohio has reduced its stake in Qudian Inc. by 45.2%, holding approximately 0.08% of the company post-sale.
• Invesco Ltd. increased its position in Qudian by 2.3% and other institutional investors like Bank of America and Asset Management One also raised their holdings during recent quarters.
• Qudian reported earnings of $0.26 per share and a revenue of $0.49 million for the last quarter, showing a significant net margin of 388.27%.

Public Employees Retirement System of Ohio cut its position in Qudian Inc. - Sponsored ADR (NYSE:QD - Free Report) by 45.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 130,960 shares of the company's stock after selling 107,956 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.08% of Qudian worth $411,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Invesco Ltd. raised its holdings in Qudian by 2.3% in the first quarter. Invesco Ltd. now owns 166,372 shares of the company's stock worth $448,000 after buying an additional 3,793 shares during the last quarter. Bank of America Corp DE raised its holdings in Qudian by 17.1% in the fourth quarter. Bank of America Corp DE now owns 54,351 shares of the company's stock worth $153,000 after buying an additional 7,951 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in Qudian by 32.4% in the first quarter. Asset Management One Co. Ltd. now owns 36,769 shares of the company's stock worth $99,000 after buying an additional 8,991 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Qudian in the first quarter worth approximately $30,000. Finally, Brighton Jones LLC bought a new stake in shares of Qudian in the fourth quarter worth approximately $34,000. 8.10% of the stock is owned by hedge funds and other institutional investors.

Qudian Trading Up 4.7%

Shares of NYSE QD opened at $4.66 on Tuesday. The firm has a 50 day moving average of $4.34 and a 200 day moving average of $3.38. The firm has a market capitalization of $786.10 million, a price-to-earnings ratio of 10.84 and a beta of 0.62. Qudian Inc. - Sponsored ADR has a 12-month low of $2.02 and a 12-month high of $5.08.

Qudian (NYSE:QD - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $0.49 million during the quarter. Qudian had a net margin of 388.27% and a return on equity of 4.65%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Qudian in a research note on Saturday, September 27th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

About Qudian

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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