Asset Management One Co. Ltd. Invests $82,000 in Qudian Inc. (NYSE:QD)

Asset Management One Co. Ltd. purchased a new position in shares of Qudian Inc. (NYSE:QD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 27,778 shares of the company’s stock, valued at approximately $82,000.

A number of other hedge funds have also modified their holdings of the business. Brighton Jones LLC purchased a new position in Qudian during the 4th quarter valued at about $34,000. Ballentine Partners LLC boosted its holdings in Qudian by 124.2% during the 4th quarter. Ballentine Partners LLC now owns 24,548 shares of the company’s stock valued at $69,000 after acquiring an additional 13,599 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Qudian during the 3rd quarter valued at about $32,000. BNP Paribas Financial Markets boosted its holdings in Qudian by 248.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company’s stock valued at $61,000 after acquiring an additional 20,400 shares during the period. Finally, XTX Topco Ltd purchased a new position in Qudian during the 3rd quarter valued at about $50,000. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

Qudian Price Performance

Shares of Qudian stock opened at $2.97 on Friday. The stock has a market capitalization of $594.78 million, a price-to-earnings ratio of 74.13 and a beta of 0.72. The business has a 50-day moving average of $2.87 and a 200 day moving average of $2.43. Qudian Inc. has a 12 month low of $1.52 and a 12 month high of $3.34.

Qudian (NYSE:QD) last posted its quarterly earnings results on Friday, November 22nd. The company reported $0.10 earnings per share (EPS) for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%.

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.