Laurion Capital Management LP Invests $4.21 Million in Qudian Inc – (QD) Stock

Laurion Capital Management LP acquired a new position in shares of Qudian Inc – (NYSE:QD) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 807,988 shares of the company’s stock, valued at approximately $4,210,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in QD. Mirae Asset Global Investments Co. Ltd. acquired a new position in Qudian during the 3rd quarter worth about $182,000. GSA Capital Partners LLP acquired a new position in Qudian during the 3rd quarter worth about $210,000. Granite Point Capital Management L.P. lifted its holdings in Qudian by 75.0% during the 3rd quarter. Granite Point Capital Management L.P. now owns 70,000 shares of the company’s stock worth $365,000 after buying an additional 30,000 shares during the period. Credit Suisse AG lifted its holdings in Qudian by 943.9% during the 3rd quarter. Credit Suisse AG now owns 594,767 shares of the company’s stock worth $3,099,000 after buying an additional 537,794 shares during the period. Finally, BlackRock Inc. lifted its holdings in Qudian by 26.3% during the 3rd quarter. BlackRock Inc. now owns 2,507,400 shares of the company’s stock worth $13,064,000 after buying an additional 521,560 shares during the period. Hedge funds and other institutional investors own 4.22% of the company’s stock.

QD stock opened at $4.96 on Friday. Qudian Inc – has a 1-year low of $4.00 and a 1-year high of $17.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.72 and a quick ratio of 2.72. The stock has a market capitalization of $1.65 billion, a PE ratio of 4.77 and a beta of 0.52.

Qudian (NYSE:QD) last posted its quarterly earnings data on Wednesday, November 21st. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Qudian had a return on equity of 22.42% and a net margin of 30.49%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $2.41 billion. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis.

Several brokerages have commented on QD. ValuEngine downgraded Qudian from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Needham & Company LLC downgraded Qudian from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Macquarie downgraded Qudian from an “outperform” rating to a “neutral” rating and set a $36.00 target price on the stock. in a report on Monday, August 27th. Finally, Sanford C. Bernstein downgraded Qudian from an “outperform” rating to a “market perform” rating and set a $7.00 target price on the stock. in a report on Thursday, August 23rd. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $17.75.

WARNING: This report was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://www.chaffeybreeze.com/2018/12/08/laurion-capital-management-lp-invests-4-21-million-in-qudian-inc-qd-stock.html.

About Qudian

Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers cash credit products, such as cash short-term unsecured lines of credit, which are distributed in digital form; and merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis, as well as budget auto financing products.

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Institutional Ownership by Quarter for Qudian (NYSE:QD)

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