Qudian Inc – (NYSE:QD) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $13.60.
Several research firms have recently weighed in on QD. ValuEngine raised shares of XCel Brands from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. TheStreet cut shares of WCF Bancorp from a “c” rating to a “d+” rating in a report on Thursday, April 18th. Morgan Stanley raised shares of 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. China Renaissance Securities began coverage on shares of 360 Finance in a report on Tuesday, May 14th. They set a “buy” rating and a $29.00 price objective for the company. Finally, Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th.
Shares of QD traded up $0.23 during mid-day trading on Tuesday, hitting $8.54. 2,923,800 shares of the company traded hands, compared to its average volume of 5,294,562. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.91 and a current ratio of 2.91. The business has a 50-day moving average price of $7.67. Qudian has a 1 year low of $4.00 and a 1 year high of $9.15. The company has a market cap of $2.77 billion, a PE ratio of 7.56 and a beta of 1.64.
A number of hedge funds have recently made changes to their positions in the business. Moon Capital Management LP increased its position in shares of Qudian by 127.2% in the fourth quarter. Moon Capital Management LP now owns 209,000 shares of the company’s stock valued at $897,000 after acquiring an additional 117,000 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Qudian by 1,542.7% in the fourth quarter. Two Sigma Investments LP now owns 615,883 shares of the company’s stock valued at $2,642,000 after acquiring an additional 578,390 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Qudian in the fourth quarter valued at about $112,000. Bank of America Corp DE increased its position in shares of Qudian by 2,791.2% in the fourth quarter. Bank of America Corp DE now owns 1,279,985 shares of the company’s stock valued at $5,491,000 after acquiring an additional 1,235,713 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of Qudian in the fourth quarter valued at about $111,000. 11.84% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: Buyback For Investors Defined
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