JPMorgan Chase & Co. Takes $442,000 Position in Qudian Inc. (NYSE:QD)

JPMorgan Chase & Co. acquired a new stake in shares of Qudian Inc. (NYSE:QD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 156,844 shares of the company's stock, valued at approximately $442,000. JPMorgan Chase & Co. owned approximately 0.08% of Qudian as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sei Investments Co. acquired a new position in shares of Qudian in the 4th quarter worth approximately $30,000. Brighton Jones LLC bought a new stake in Qudian during the fourth quarter worth approximately $34,000. SBI Securities Co. Ltd. acquired a new position in Qudian in the fourth quarter worth approximately $57,000. Ballentine Partners LLC increased its holdings in shares of Qudian by 124.2% in the fourth quarter. Ballentine Partners LLC now owns 24,548 shares of the company's stock valued at $69,000 after buying an additional 13,599 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Qudian during the 4th quarter valued at $82,000. Institutional investors and hedge funds own 8.10% of the company's stock.

Qudian Trading Up 2.4 %

Shares of NYSE QD traded up $0.07 during mid-day trading on Wednesday, reaching $2.94. The company had a trading volume of 471,903 shares, compared to its average volume of 516,713. The company has a 50-day moving average price of $2.62 and a two-hundred day moving average price of $2.70. The stock has a market cap of $495.95 million, a PE ratio of 73.50 and a beta of 0.58. Qudian Inc. has a 1-year low of $1.52 and a 1-year high of $3.34.

Qudian (NYSE:QD - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%. The company had revenue of $7.16 million during the quarter.

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.