New York State Common Retirement Fund Decreases Holdings in Qudian Inc. (NYSE:QD)

New York State Common Retirement Fund lowered its position in Qudian Inc. (NYSE:QD) by 25.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,594 shares of the company’s stock after selling 18,064 shares during the quarter. New York State Common Retirement Fund’s holdings in Qudian were worth $148,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in Qudian during the third quarter worth approximately $846,000. SG Americas Securities LLC lifted its position 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 buying an additional 95,778 shares during the period. BNP Paribas Financial Markets boosted its stake in Qudian by 248.8% in 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. Asset Management One Co. Ltd. purchased a new stake in Qudian in the 4th quarter valued at about $82,000. Finally, Ballentine Partners LLC increased its stake in shares of 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 last quarter. 8.10% of the stock is owned by hedge funds and other institutional investors.

Qudian Stock Up 4.7 %

NYSE:QD opened at $2.80 on Thursday. The company has a market cap of $560.68 million, a P/E ratio of 69.88 and a beta of 0.70. The firm’s 50 day moving average is $2.87 and its two-hundred day moving average is $2.49. Qudian Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.34.

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.