Acadian Asset Management LLC Lowers Holdings in Qudian Inc. - Sponsored ADR $QD

Key Points

• Acadian Asset Management LLC reduced its position in Qudian Inc. by 14.7% during the first quarter, now holding approximately 1.87% of the company, worth about $8.47 million.
• Among other hedge funds, Two Sigma Investments LP significantly increased its holdings in Qudian by 28.5%, highlighting varying investment strategies among institutions.
• Shares of Qudian opened at $4.26 and have fluctuated between a 1-year low of $1.77 and a high of $5.08, showing volatility in trading over the past year.

Acadian Asset Management LLC lessened its stake in Qudian Inc. - Sponsored ADR (NYSE:QD - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,150,770 shares of the company's stock after selling 542,070 shares during the quarter. Acadian Asset Management LLC owned approximately 1.87% of Qudian worth $8,465,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QD. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Qudian in the 1st quarter worth $30,000. Brighton Jones LLC purchased a new stake in shares of Qudian during the fourth quarter worth $34,000. Virtu Financial LLC purchased a new stake in shares of Qudian during the first quarter worth $70,000. Asset Management One Co. Ltd. grew its holdings in shares of Qudian by 32.4% during 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 in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Qudian by 31.7% during the fourth quarter. BNP Paribas Financial Markets now owns 37,671 shares of the company's stock worth $106,000 after buying an additional 9,070 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company's stock.

Qudian Trading Down 2.1%

NYSE QD traded down $0.09 during trading hours on Thursday, reaching $4.04. The company had a trading volume of 173,489 shares, compared to its average volume of 453,626. The stock has a 50-day moving average of $4.09 and a 200 day moving average of $3.23. Qudian Inc. - Sponsored ADR has a 1-year low of $1.77 and a 1-year high of $5.08. The stock has a market capitalization of $680.66 million, a P/E ratio of 9.38 and a beta of 0.73.

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

Wall Street Analyst Weigh In

QD has been the subject of a number of analyst reports. UBS Group raised shares of Qudian to a "buy" rating in a report on Friday, June 6th. Wall Street Zen raised shares of Qudian from a "sell" rating to a "hold" rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

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.