Qudian Inc – (NYSE:QD) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,834,755 shares, a growth of 52.3% from the February 28th total of 3,174,066 shares. Based on an average trading volume of 4,018,979 shares, the short-interest ratio is presently 1.2 days.
Institutional investors have recently bought and sold shares of the business. Financial Gravity Wealth Inc. acquired a new stake in shares of Qudian in the first quarter valued at about $28,000. Financial Gravity Companies Inc. acquired a new stake in shares of Qudian in the fourth quarter valued at about $29,000. Legal & General Group Plc acquired a new stake in shares of Qudian in the third quarter valued at about $38,000. Mackenzie Financial Corp acquired a new stake in shares of Qudian in the fourth quarter valued at about $58,000. Finally, Ayalon Holdings Ltd. grew its position in shares of Qudian by 183.7% in the fourth quarter. Ayalon Holdings Ltd. now owns 17,400 shares of the company’s stock valued at $75,000 after purchasing an additional 11,266 shares during the last quarter. 6.41% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on QD. TheStreet upgraded Qudian from a “d+” rating to a “c-” rating in a research report on Thursday, April 18th. Zacks Investment Research upgraded Qudian from a “hold” rating to a “strong-buy” rating and set a $6.25 target price for the company in a report on Thursday, April 11th. Morgan Stanley upgraded 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. Nomura restated a “neutral” rating on shares of Qudian in a report on Wednesday, February 27th. Finally, ValuEngine upgraded Qudian from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Five equities 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 stock. Qudian presently has a consensus rating of “Hold” and a consensus price target of $13.85.
Qudian (NYSE:QD) last announced its quarterly earnings data on Monday, March 18th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.05. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates 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 last year, the company earned $0.27 earnings per share. On average, sell-side analysts forecast that Qudian will post 11.75 EPS for the current year.
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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