Arrowstreet Capital Limited Partnership Has $49.15 Million Stock Position in Qfin Holdings Inc. – Sponsored ADR $QFIN

Arrowstreet Capital Limited Partnership lessened its position in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 20.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,133,583 shares of the company’s stock after selling 289,211 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Qfin were worth $49,152,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. SVB Wealth LLC bought a new position in Qfin in the first quarter worth $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Qfin in the 1st quarter valued at $29,000. Hantz Financial Services Inc. raised its stake in shares of Qfin by 472.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 739 shares of the company’s stock valued at $32,000 after buying an additional 610 shares in the last quarter. Hoey Investments Inc. bought a new position in shares of Qfin during the 2nd quarter worth about $33,000. Finally, iA Global Asset Management Inc. boosted its position in shares of Qfin by 250.2% during the 2nd quarter. iA Global Asset Management Inc. now owns 823 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.

Qfin Stock Performance

Qfin stock opened at $18.74 on Friday. The stock has a 50-day simple moving average of $23.92 and a 200 day simple moving average of $32.52. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 2.73, a P/E/G ratio of 0.21 and a beta of 0.40. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.20. Qfin Holdings Inc. – Sponsored ADR has a 12-month low of $17.61 and a 12-month high of $48.94.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.16). Qfin had a return on equity of 28.73% and a net margin of 35.09%.The company had revenue of $731.04 million for the quarter, compared to the consensus estimate of $693.21 million. On average, research analysts anticipate that Qfin Holdings Inc. – Sponsored ADR will post 5.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

QFIN has been the subject of several recent research reports. JPMorgan Chase & Co. cut shares of Qfin from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $45.00 to $21.00 in a research note on Wednesday, November 19th. Zacks Research raised Qfin from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Wall Street Zen lowered Qfin from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Finally, Weiss Ratings cut Qfin from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Qfin currently has a consensus rating of “Hold” and a consensus price target of $36.85.

About Qfin

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.