Qudian (NYSE:QD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Qudian (NYSE:QD - Free Report) from a sell rating to a hold rating in a research report report published on Friday morning.

Separately, UBS Group upgraded shares of Qudian to a "buy" rating in a research report on Friday.

Qudian Stock Down 0.8%

Shares of Qudian stock traded down $0.03 during mid-day trading on Friday, reaching $2.95. 197,879 shares of the stock traded hands, compared to its average volume of 502,125. The business has a 50-day moving average of $2.71 and a 200 day moving average of $2.80. Qudian has a fifty-two week low of $1.52 and a fifty-two week high of $3.34. The stock has a market capitalization of $496.79 million, a PE ratio of 73.63 and a beta of 0.64.

Qudian (NYSE:QD - Get Free Report) last announced its earnings results on Friday, May 30th. The company reported $0.12 EPS for the quarter. The business had revenue of $3.55 million during the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%.

Institutional Investors Weigh In On Qudian

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Investments LP increased its holdings in shares of Qudian by 28.5% in the fourth quarter. Two Sigma Investments LP now owns 302,316 shares of the company's stock valued at $853,000 after purchasing an additional 67,014 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Qudian by 31.7% in the fourth quarter. BNP Paribas Financial Markets now owns 37,671 shares of the company's stock valued at $106,000 after purchasing an additional 9,070 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Qudian by 12.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,242,435 shares of the company's stock valued at $3,504,000 after purchasing an additional 140,517 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Qudian in the fourth quarter valued at approximately $442,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Qudian in the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 8.10% of the company's stock.

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.