Qudian Target of Unusually Large Options Trading (QD)

Qudian Inc – (NYSE:QD) was the target of some unusual options trading on Wednesday. Stock traders purchased 6,959 call options on the stock. This is an increase of approximately 1,601% compared to the typical volume of 409 call options.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QD. BlackRock Inc. boosted its stake in shares of Qudian by 67.5% in the second quarter. BlackRock Inc. now owns 1,985,840 shares of the company’s stock worth $17,595,000 after acquiring an additional 800,091 shares during the period. California Public Employees Retirement System bought a new position in shares of Qudian in the second quarter worth about $709,000. Handelsbanken Fonder AB boosted its stake in shares of Qudian by 122.2% in the third quarter. Handelsbanken Fonder AB now owns 600,000 shares of the company’s stock worth $3,126,000 after acquiring an additional 330,000 shares during the period. Credit Suisse AG boosted its stake in shares of Qudian by 943.9% in the third quarter. Credit Suisse AG now owns 594,767 shares of the company’s stock worth $3,099,000 after acquiring an additional 537,794 shares during the period. Finally, Granite Point Capital Management L.P. boosted its stake in shares of Qudian by 75.0% in the third quarter. Granite Point Capital Management L.P. now owns 70,000 shares of the company’s stock worth $365,000 after acquiring an additional 30,000 shares during the period. 4.57% of the stock is owned by hedge funds and other institutional investors.

NYSE QD opened at $5.41 on Friday. The stock has a market capitalization of $1.81 billion, a PE ratio of 4.90 and a beta of 1.33. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.72 and a quick ratio of 2.72. Qudian has a twelve month low of $4.00 and a twelve month high of $17.80.

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

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Qudian Company Profile

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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