Jane Street Group LLC Trims Stake in Qudian Inc. (NYSE:QD)

Jane Street Group LLC trimmed its position in Qudian Inc. (NYSE:QD) by 44.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 852,010 shares of the company’s stock after selling 677,664 shares during the quarter. Jane Street Group LLC owned 0.42% of Qudian worth $1,815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Qudian by 31.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company’s stock worth $2,838,000 after purchasing an additional 343,294 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Qudian during the 2nd quarter valued at about $1,918,000. Caprock Group LLC purchased a new stake in Qudian in the second quarter valued at about $65,000. BNP Paribas Financial Markets raised its stake in Qudian by 248.8% in the third quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company’s stock valued at $61,000 after buying an additional 20,400 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Qudian by 91.4% in the second quarter. Ballentine Partners LLC now owns 21,934 shares of the company’s stock worth $43,000 after acquiring an additional 10,476 shares in the last quarter. Institutional investors own 8.10% of the company’s stock.

Qudian Stock Down 0.7 %

QD opened at $2.94 on Thursday. The firm’s 50-day moving average price is $2.58 and its 200-day moving average price is $2.13. The company has a market cap of $589.77 million, a P/E ratio of 73.50 and a beta of 0.73. Qudian Inc. has a 52-week low of $1.52 and a 52-week high of $3.20.

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.