Shares of Qudian Inc – (NYSE:QD) gapped up before the market opened on Monday . The stock had previously closed at $5.58, but opened at $5.71. Qudian shares last traded at $5.55, with a volume of 500386 shares trading hands.
QD has been the subject of a number of research reports. ValuEngine upgraded Qudian from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Nomura reiterated a “neutral” rating on shares of Qudian in a report on Wednesday, February 27th. Morgan Stanley upgraded Qudian from an “equal weight” rating to an “overweight” rating and set a $7.00 price objective for the company in a report on Monday, April 8th. Finally, Zacks Investment Research upgraded Qudian from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective for the company in a report on Thursday. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Qudian has a consensus rating of “Hold” and an average target price of $13.85.
The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 4.92 and a beta of 1.47. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.89 and a quick ratio of 2.72.
Qudian (NYSE:QD) last issued its earnings results on Monday, March 18th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Qudian had a return on equity of 23.87% and a net margin of 32.10%. Qudian’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS. On average, analysts forecast that Qudian Inc – will post 11.75 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in QD. Financial Gravity Companies Inc. bought a new position in shares of Qudian in the 4th quarter worth approximately $29,000. Legal & General Group Plc bought a new stake in Qudian during the third quarter valued at about $38,000. Mackenzie Financial Corp bought a new stake in Qudian during the fourth quarter valued at about $58,000. Ayalon Holdings Ltd. raised its holdings in Qudian by 183.7% during the fourth quarter. Ayalon Holdings Ltd. now owns 17,400 shares of the company’s stock valued at $75,000 after acquiring an additional 11,266 shares during the period. Finally, Virtu Financial LLC raised its holdings in Qudian by 66.1% during the fourth quarter. Virtu Financial LLC now owns 21,933 shares of the company’s stock valued at $94,000 after acquiring an additional 8,727 shares during the period. 6.40% of the stock is owned by institutional investors and hedge funds.
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About Qudian (NYSE:QD)
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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