Qudian Inc. - Sponsored ADR $QD Stock Position Lowered by Acadian Asset Management LLC

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 position in Qudian Inc. - Sponsored ADR (NYSE:QD - Free Report) by 14.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,150,770 shares of the company's stock after selling 542,070 shares during the period. Acadian Asset Management LLC owned approximately 1.87% of Qudian worth $8,465,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Two Sigma Investments LP grew its holdings in shares of Qudian by 28.5% in the 4th quarter. Two Sigma Investments LP now owns 302,316 shares of the company's stock worth $853,000 after acquiring an additional 67,014 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Qudian by 2.3% in the 1st quarter. Invesco Ltd. now owns 166,372 shares of the company's stock worth $448,000 after acquiring an additional 3,793 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Qudian by 21.1% in the 4th quarter. Two Sigma Advisers LP now owns 108,084 shares of the company's stock worth $305,000 after acquiring an additional 18,800 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Qudian by 17.1% in the 4th quarter. Bank of America Corp DE now owns 54,351 shares of the company's stock worth $153,000 after acquiring an additional 7,951 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Qudian in the 1st quarter worth $128,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Qudian Trading Down 0.9%

Shares of QD stock opened at $4.26 on Friday. Qudian Inc. - Sponsored ADR has a 1-year low of $1.77 and a 1-year high of $5.08. The company has a market capitalization of $718.62 million, a price-to-earnings ratio of 9.91 and a beta of 0.73. The stock's fifty day simple moving average is $4.04 and its 200-day simple moving average is $3.21.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on QD shares. Wall Street Zen upgraded Qudian from a "sell" rating to a "hold" rating in a report on Friday, June 6th. UBS Group upgraded Qudian to a "buy" rating in a report on Friday, June 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company 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.

Want to see what other hedge funds are holding QD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qudian Inc. - Sponsored ADR (NYSE:QD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.