Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Receives $32.37 Average PT from Brokerages

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) has received a consensus recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $32.3667.

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qfin in a research report on Monday, December 29th. Zacks Research downgraded Qfin from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. Finally, Jefferies Financial Group cut their price target on Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a report on Wednesday, March 18th.

Qfin Trading Up 1.8%

Shares of Qfin stock opened at $13.29 on Wednesday. Qfin has a 1 year low of $12.68 and a 1 year high of $48.94. The company’s fifty day simple moving average is $15.36 and its 200-day simple moving average is $20.68. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 2.16, a PEG ratio of 0.20 and a beta of 0.49. The company has a current ratio of 2.43, a quick ratio of 2.94 and a debt-to-equity ratio of 0.07.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings results on Tuesday, March 17th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). The company had revenue of $585.10 million during the quarter, compared to the consensus estimate of $664.95 million. Qfin had a net margin of 31.13% and a return on equity of 24.97%. As a group, sell-side analysts expect that Qfin will post 5.71 EPS for the current year.

Qfin Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $0.78 per share. The ex-dividend date is Wednesday, April 22nd. This represents a dividend yield of 1,143.0%. Qfin’s payout ratio is currently 24.35%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in Qfin by 51.7% during the first quarter. Royal Bank of Canada now owns 6,508 shares of the company’s stock worth $293,000 after buying an additional 2,219 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Qfin in the 1st quarter valued at $29,000. Goldman Sachs Group Inc. raised its stake in shares of Qfin by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,603,830 shares of the company’s stock valued at $72,028,000 after buying an additional 395,589 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Qfin by 32.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,147 shares of the company’s stock worth $136,000 after acquiring an additional 774 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Qfin by 3.9% during the 2nd quarter. SG Americas Securities LLC now owns 30,410 shares of the company’s stock valued at $1,319,000 after acquiring an additional 1,128 shares in the last quarter. 74.81% of the stock is owned by institutional investors.

About Qfin

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.