Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Receives $19.91 Average PT from Analysts

Shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) have been given an average recommendation of “Hold” by the five research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $19.91.

A number of equities analysts recently commented on the company. Jefferies Financial Group dropped their price objective on Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Bank of America reissued a “neutral” rating and issued a $15.33 price target on shares of Qfin in a research report on Wednesday, May 27th. Finally, Weiss Ratings raised shares of Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday.

Insider Activity

In other news, Director Xiaohuan Chen acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was acquired at an average cost of $14.41 per share, with a total value of $57,640.00. Following the acquisition, the director owned 19,000 shares in the company, valued at approximately $273,790. This represents a 26.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.10% of the company’s stock.

Institutional Trading of Qfin

Several large investors have recently modified their holdings of the company. Triata Capital Ltd boosted its position in shares of Qfin by 188.3% in the fourth quarter. Triata Capital Ltd now owns 3,125,331 shares of the company’s stock valued at $60,225,000 after acquiring an additional 2,041,351 shares during the period. Norges Bank bought a new stake in shares of Qfin in the fourth quarter valued at approximately $30,436,000. Krane Funds Advisors LLC boosted its position in shares of Qfin by 25.1% in the third quarter. Krane Funds Advisors LLC now owns 6,344,592 shares of the company’s stock valued at $182,597,000 after acquiring an additional 1,271,942 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Qfin by 198.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,842,278 shares of the company’s stock valued at $35,501,000 after acquiring an additional 1,224,164 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Qfin by 1,050.6% in the third quarter. Marshall Wace LLP now owns 790,665 shares of the company’s stock valued at $22,755,000 after acquiring an additional 721,950 shares during the period. 74.81% of the stock is owned by institutional investors.

Qfin Trading Down 1.1%

NASDAQ:QFIN opened at $15.01 on Friday. The stock’s 50 day moving average price is $14.06 and its 200 day moving average price is $15.32. Qfin has a 52 week low of $11.31 and a 52 week high of $45.57. The company has a market capitalization of $1.83 billion, a P/E ratio of 2.75 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.22 and a current ratio of 2.22.

Qfin (NASDAQ:QFIN) last released its quarterly earnings data on Friday, May 15th. The company reported $1.12 EPS for the quarter. Qfin had a return on equity of 20.85% and a net margin of 27.48%.The firm had revenue of $567.01 million for the quarter. On average, research analysts forecast that Qfin will post 3.79 EPS for the current fiscal year.

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.