Qudian Inc – (NYSE:QD)’s share price gapped up prior to trading on Monday . The stock had previously closed at $5.58, but opened at $5.71. Qudian shares last traded at $5.55, with a volume of 500386 shares.

A number of brokerages have recently issued reports on QD. Morgan Stanley raised Qudian from an “equal weight” rating to an “overweight” rating and set a $7.00 price target on the stock in a research report on Monday, April 8th. Nomura reaffirmed a “neutral” rating on shares of Qudian in a report on Wednesday, February 27th. Zacks Investment Research raised shares of Qudian from a “hold” rating to a “strong-buy” rating and set a $6.25 price target on the stock in a report on Thursday. Finally, ValuEngine raised shares of Qudian from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Qudian currently has a consensus rating of “Hold” and an average price target of $13.85.

The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.72 and a current ratio of 2.89. The firm has a market cap of $1.70 billion, a P/E ratio of 4.92 and a beta of 1.47.

Qudian (NYSE:QD) last posted its quarterly earnings results on Monday, March 18th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. Qudian had a net margin of 32.10% and a return on equity of 23.87%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the company earned $0.27 earnings per share. The firm’s revenue was up 20.9% on a year-over-year basis. On average, analysts predict that Qudian Inc – will post 11.75 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of QD. BlackRock Inc. boosted its position in shares of Qudian by 26.3% during the 3rd quarter. BlackRock Inc. now owns 2,507,400 shares of the company’s stock worth $13,064,000 after purchasing an additional 521,560 shares during the period. Credit Suisse AG boosted its position in Qudian by 943.9% in the 3rd quarter. Credit Suisse AG now owns 594,767 shares of the company’s stock valued at $3,099,000 after buying an additional 537,794 shares during the period. GSA Capital Partners LLP purchased a new position in Qudian in the 3rd quarter valued at approximately $210,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Qudian in the 3rd quarter valued at approximately $182,000. Finally, Jane Street Group LLC boosted its position in Qudian by 666.7% in the 3rd quarter. Jane Street Group LLC now owns 109,007 shares of the company’s stock valued at $568,000 after buying an additional 94,789 shares during the period. 6.40% of the stock is currently owned by institutional investors and hedge funds.

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About Qudian (NYSE:QD)

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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