BNP Paribas Financial Markets Has $61,000 Stake in Qudian Inc. (NYSE:QD)

BNP Paribas Financial Markets boosted its holdings in Qudian Inc. (NYSE:QD) by 248.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 28,601 shares of the company’s stock after acquiring an additional 20,400 shares during the quarter. BNP Paribas Financial Markets’ holdings in Qudian were worth $61,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QD. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Qudian during the 3rd quarter valued at $32,000. Ballentine Partners LLC increased its holdings in Qudian by 91.4% in the second quarter. Ballentine Partners LLC now owns 21,934 shares of the company’s stock valued at $43,000 after purchasing an additional 10,476 shares during the last quarter. Caprock Group LLC acquired a new position in Qudian in the second quarter valued at about $65,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Qudian during the second quarter worth about $1,918,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Qudian by 31.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company’s stock worth $2,838,000 after buying an additional 343,294 shares during the period. 8.10% of the stock is owned by institutional investors.

Qudian Price Performance

Shares of NYSE:QD opened at $2.53 on Friday. The firm’s 50 day simple moving average is $2.53 and its 200 day simple moving average is $2.09. Qudian Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.20. The company has a market capitalization of $507.52 million, a price-to-earnings ratio of 63.25 and a beta of 0.73.

Qudian Profile

Qudian Inc operates as a consumer-oriented technology company in the People's Republic of China. The company engages in the operation of online platforms to provide small consumer credit products. It also provides technology development and services; research and development services; and delivery services.