State Street Corp Has $333,000 Position in Qudian Inc. (NYSE:QD)

State Street Corp cut its position in shares of Qudian Inc. (NYSE:QD) by 25.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 156,320 shares of the company’s stock after selling 54,482 shares during the quarter. State Street Corp owned 0.08% of Qudian worth $333,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QD. Dimensional Fund Advisors LP lifted its position in shares of Qudian by 31.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company’s stock valued at $2,838,000 after buying an additional 343,294 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Qudian by 248.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company’s stock worth $61,000 after buying an additional 20,400 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Qudian during the 2nd quarter worth about $1,918,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Qudian during the 3rd quarter worth about $32,000. Finally, Ballentine Partners LLC grew its stake in Qudian by 91.4% in the 2nd quarter. Ballentine Partners LLC now owns 21,934 shares of the company’s stock valued at $43,000 after buying an additional 10,476 shares during the last quarter. Institutional investors own 8.10% of the company’s stock.

Qudian Stock Down 1.4 %

NYSE QD opened at $2.76 on Friday. Qudian Inc. has a 12-month low of $1.52 and a 12-month high of $3.20. The firm has a 50-day moving average price of $2.68 and a two-hundred day moving average price of $2.19. The company has a market capitalization of $553.66 million, a P/E ratio of 69.00 and a beta of 0.73.

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.