Viking Global Investors LP Invests $16.93 Million in Qudian Inc – (QD)
Viking Global Investors LP bought a new stake in shares of Qudian Inc – (NYSE:QD) during the fourth quarter, HoldingsChannel reports. The fund bought 1,350,114 shares of the company’s stock, valued at approximately $16,930,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN bought a new position in shares of Qudian during the fourth quarter valued at approximately $207,000. Alliancebernstein L.P. purchased a new stake in shares of Qudian in the fourth quarter valued at approximately $623,000. Crestwood Capital Management L.P. purchased a new stake in shares of Qudian in the fourth quarter valued at approximately $1,490,000. Virtu Financial LLC purchased a new stake in shares of Qudian in the fourth quarter valued at approximately $1,591,000. Finally, Deltec Asset Management LLC purchased a new stake in shares of Qudian in the fourth quarter valued at approximately $1,633,000. 7.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Qudian Inc – (NYSE QD) opened at $15.85 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of -0.14. The firm has a market capitalization of $5,230.00 and a price-to-earnings ratio of 17.23. Qudian Inc – has a twelve month low of $11.33 and a twelve month high of $35.45.
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Qudian Company Profile
Qudian Inc provides cash credit products, which provide funds in digital form, and merchandise credit products. The Company operates through an online platform and all the transaction are facilitated through mobile devices. Borrowers can apply for credit on their mobile phones and receive approval within a few seconds.
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