Oasis Management Co Ltd. boosted its position in Qudian Inc. (NYSE:QD - Free Report) by 609.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,875 shares of the company's stock after purchasing an additional 170,000 shares during the period. Oasis Management Co Ltd. owned about 0.10% of Qudian worth $558,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in QD. Arrowstreet Capital Limited Partnership raised its stake in shares of Qudian by 12.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,242,435 shares of the company's stock worth $3,504,000 after buying an additional 140,517 shares in the last quarter. SG Americas Securities LLC grew its holdings in Qudian by 35.1% during the fourth quarter. SG Americas Securities LLC now owns 368,384 shares of the company's stock worth $1,039,000 after acquiring an additional 95,778 shares during the period. Marshall Wace LLP raised its position in Qudian by 44.5% in the fourth quarter. Marshall Wace LLP now owns 274,308 shares of the company's stock worth $774,000 after acquiring an additional 84,532 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Qudian in the fourth quarter valued at $442,000. Finally, Bank of America Corp DE lifted 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 valued at $153,000 after acquiring an additional 7,951 shares during the period. Hedge funds and other institutional investors own 8.10% of the company's stock.
Qudian Trading Up 4.1%
Shares of NYSE:QD traded up $0.12 on Friday, reaching $2.94. 470,340 shares of the company were exchanged, compared to its average volume of 511,709. The company has a 50-day moving average of $2.65 and a 200-day moving average of $2.74. The firm has a market cap of $495.10 million, a price-to-earnings ratio of 73.38 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 released its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) EPS 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 for the quarter.
Qudian Company Profile
(
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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