Qudian (QD) Shares Down 10.2%

Qudian Inc – (NYSE:QD) shares were down 10.2% during trading on Monday . The stock traded as low as $6.05 and last traded at $6.14. Approximately 12,113,820 shares traded hands during trading, an increase of 144% from the average daily volume of 4,972,625 shares. The stock had previously closed at $6.84.

Several research analysts recently commented on QD shares. TheStreet upgraded shares of Qudian from a “d+” rating to a “c-” rating in a report on Thursday, April 18th. China Renaissance Securities restated a “hold” rating and set a $8.00 target price on shares of Qudian in a report on Tuesday, May 14th. ValuEngine upgraded shares of Qudian from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Nomura restated a “neutral” rating on shares of Qudian in a report on Wednesday, February 27th. Finally, Morgan Stanley upgraded shares of Qudian from an “equal weight” rating to an “overweight” rating and set a $7.00 target price for the company in a report on Monday, April 8th. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.88.

The company has a market cap of $2.26 billion, a P/E ratio of 5.43 and a beta of 1.88. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.04.

Qudian (NYSE:QD) last announced its quarterly earnings results on Monday, March 18th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Qudian had a net margin of 32.10% and a return on equity of 23.87%. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. As a group, equities research analysts expect that Qudian Inc – will post 1.75 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Graticule Asia Macro Advisors LLC acquired a new stake in Qudian in the first quarter valued at $1,771,000. Morgan Stanley lifted its stake in Qudian by 964.5% in the first quarter. Morgan Stanley now owns 1,365,824 shares of the company’s stock valued at $6,912,000 after acquiring an additional 1,237,518 shares during the last quarter. Man Group plc acquired a new stake in Qudian in the first quarter valued at $2,495,000. Goldman Sachs Group Inc. lifted its stake in Qudian by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 406,148 shares of the company’s stock valued at $2,055,000 after acquiring an additional 6,550 shares during the last quarter. Finally, Oxford Asset Management LLP lifted its stake in Qudian by 243.8% in the first quarter. Oxford Asset Management LLP now owns 502,776 shares of the company’s stock valued at $2,544,000 after acquiring an additional 356,556 shares during the last quarter. Hedge funds and other institutional investors own 6.37% of the company’s stock.

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Qudian Company Profile (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 small credit products, such as cash credit products; merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis; and budget auto financing products.

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