River & Mercantile Asset Management LLP bought a new position in Qudian Inc – (NYSE:QD) in the third quarter, HoldingsChannel.com reports. The firm bought 324,040 shares of the company’s stock, valued at approximately $1,695,000.

A number of other hedge funds also recently added to or reduced their stakes in QD. Laurion Capital Management LP acquired a new stake in Qudian in the 3rd quarter worth approximately $4,210,000. BlackRock Inc. boosted its stake in Qudian by 67.5% in the 2nd quarter. BlackRock Inc. now owns 1,985,840 shares of the company’s stock worth $17,595,000 after purchasing an additional 800,091 shares in the last quarter. Credit Suisse AG boosted its stake in Qudian by 943.9% in the 3rd quarter. Credit Suisse AG now owns 594,767 shares of the company’s stock worth $3,099,000 after purchasing an additional 537,794 shares in the last quarter. First Trust Advisors LP acquired a new stake in Qudian in the 2nd quarter worth approximately $2,983,000. Finally, Federated Investors Inc. PA boosted its stake in Qudian by 40.8% in the 2nd quarter. Federated Investors Inc. PA now owns 1,155,185 shares of the company’s stock worth $10,235,000 after purchasing an additional 334,985 shares in the last quarter. Institutional investors own 4.22% of the company’s stock.

QD opened at $4.96 on Friday. Qudian Inc – has a 12-month low of $4.00 and a 12-month high of $17.80. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 4.55 and a beta of 0.52.

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

A number of research firms recently commented on QD. Sanford C. Bernstein cut shares of Qudian from an “outperform” rating to a “market perform” rating and set a $7.00 target price for the company. in a research note on Thursday, August 23rd. Needham & Company LLC cut shares of Qudian from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Macquarie cut shares of Qudian from an “outperform” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Monday, August 27th. Finally, ValuEngine cut shares of Qudian from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.75.

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Qudian Profile

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.

Read More: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for Qudian (NYSE:QD)

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