Campbell & CO Investment Adviser LLC Invests $2.33 Million in Qfin Holdings Inc. – Sponsored ADR $QFIN

Campbell & CO Investment Adviser LLC acquired a new position in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 80,809 shares of the company’s stock, valued at approximately $2,326,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of QFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Qfin during the 1st quarter worth approximately $29,000. Hantz Financial Services Inc. lifted its position in shares of Qfin by 472.9% in the second quarter. Hantz Financial Services Inc. now owns 739 shares of the company’s stock worth $32,000 after purchasing an additional 610 shares in the last quarter. Hoey Investments Inc. bought a new stake in shares of Qfin in the second quarter worth $33,000. iA Global Asset Management Inc. boosted its holdings in Qfin by 250.2% during the second quarter. iA Global Asset Management Inc. now owns 823 shares of the company’s stock worth $36,000 after purchasing an additional 588 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new position in Qfin in the second quarter valued at $60,000. Institutional investors and hedge funds own 74.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. 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 report on Wednesday, November 19th. Zacks Research downgraded Qfin from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Qfin in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $36.85.

Qfin Stock Down 0.8%

Shares of QFIN stock opened at $16.76 on Friday. Qfin Holdings Inc. – Sponsored ADR has a 52-week low of $16.63 and a 52-week high of $48.94. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 2.44, a PEG ratio of 0.25 and a beta of 0.43. The firm’s 50-day moving average is $19.50 and its 200-day moving average is $27.38. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.94 and a current ratio of 2.94.

Qfin (NASDAQ:QFIN) last posted its quarterly earnings results on Tuesday, November 18th. The company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.16). The business had revenue of $731.04 million for the quarter, compared to the consensus estimate of $693.21 million. Qfin had a return on equity of 28.73% and a net margin of 35.09%. Sell-side analysts predict that Qfin Holdings Inc. – Sponsored ADR will post 5.71 EPS for the current year.

Qfin Company Profile

360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.