Jane Street Group LLC Trims Stake in Qudian Inc. (NYSE:QD)

Jane Street Group LLC decreased its position in shares of Qudian Inc. (NYSE:QD) by 44.3% during the third quarter, Holdings Channel.com reports. The firm owned 852,010 shares of the company’s stock after selling 677,664 shares during the period. Jane Street Group LLC’s holdings in Qudian were worth $1,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ballentine Partners LLC raised its holdings in Qudian by 91.4% in the 2nd quarter. Ballentine Partners LLC now owns 21,934 shares of the company’s stock worth $43,000 after purchasing an additional 10,476 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Qudian during the 3rd quarter worth approximately $32,000. BNP Paribas Financial Markets lifted its position in shares of Qudian by 248.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company’s stock valued at $61,000 after buying an additional 20,400 shares in the last quarter. Caprock Group LLC acquired a new stake in Qudian in the 2nd quarter valued at $65,000. Finally, Dimensional Fund Advisors LP increased its holdings in Qudian by 31.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company’s stock worth $2,838,000 after acquiring an additional 343,294 shares in the last quarter. 8.10% of the stock is owned by hedge funds and other institutional investors.

Qudian Stock Performance

NYSE:QD opened at $2.94 on Thursday. The company has a fifty day moving average of $2.58 and a two-hundred day moving average of $2.13. Qudian Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.20. The stock has a market capitalization of $589.77 million, a PE ratio of 73.50 and a beta of 0.73.

About Qudian

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.