Aberdeen Group plc Decreases Stock Holdings in Qfin Holdings Inc. – Sponsored ADR $QFIN

Aberdeen Group plc cut its stake in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 31.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 159,166 shares of the company’s stock after selling 71,956 shares during the quarter. Aberdeen Group plc’s holdings in Qfin were worth $4,581,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Qfin during the first quarter worth about $29,000. Hantz Financial Services Inc. raised its holdings in Qfin by 472.9% in the second quarter. Hantz Financial Services Inc. now owns 739 shares of the company’s stock valued at $32,000 after acquiring an additional 610 shares in the last quarter. iA Global Asset Management Inc. grew its stake in shares of 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 in the last quarter. First Horizon Advisors Inc. purchased a new stake in Qfin during the second quarter worth approximately $60,000. Finally, Rexford Capital Inc. purchased a new position in shares of Qfin in the 2nd quarter valued at $78,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qfin Stock Down 1.1%

QFIN opened at $14.94 on Friday. The firm has a 50 day moving average price of $17.30 and a 200 day moving average price of $23.18. 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 Holdings Inc. – Sponsored ADR has a 1 year low of $14.71 and a 1 year high of $48.94. The company has a market cap of $2.12 billion, a PE ratio of 2.18, a price-to-earnings-growth ratio of 0.22 and a beta of 0.52.

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

Analyst Ratings Changes

QFIN has been the topic of a number of research reports. Zacks Research lowered shares of Qfin from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. cut shares of Qfin from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $45.00 to $21.00 in a report on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qfin in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $36.85.

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.