Stock Traders Purchase High Volume of Call Options on Qudian (QD) – Fairfield Current

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Qudian Inc – (NYSE:QD) was the recipient of some unusual options trading on Wednesday. Stock investors bought 6,959 call options on the company. This is an increase of 1,601% compared to the average volume of 409 call options.

NYSE:QD opened at $5.48 on Thursday. The firm has a market cap of $1.70 billion, a PE ratio of 4.90 and a beta of 1.33. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.02. Qudian has a fifty-two week low of $4.00 and a fifty-two week high of $17.80.

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

Separately, ValuEngine lowered Qudian from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Six investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $18.67.

Several large investors have recently added to or reduced their stakes in the company. River & Mercantile Asset Management LLP lifted its position in shares of Qudian by 35.0% during the 4th quarter. River & Mercantile Asset Management LLP now owns 437,440 shares of the company’s stock worth $1,870,000 after buying an additional 113,400 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Qudian during the 4th quarter worth $111,000. Bank of America Corp DE lifted its position in shares of Qudian by 2,791.2% during the 4th quarter. Bank of America Corp DE now owns 1,279,985 shares of the company’s stock worth $5,491,000 after buying an additional 1,235,713 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Qudian during the 4th quarter worth $112,000. Finally, Two Sigma Investments LP lifted its position in shares of Qudian by 1,542.7% during the 4th quarter. Two Sigma Investments LP now owns 615,883 shares of the company’s stock worth $2,642,000 after buying an additional 578,390 shares during the last quarter. Hedge funds and other institutional investors own 4.57% of the company’s stock.

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About Qudian

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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