Qfin Target of Unusually High Options Trading (NASDAQ:QFIN)

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) saw unusually large options trading activity on Tuesday. Traders acquired 8,010 call options on the stock. This is an increase of approximately 931% compared to the typical volume of 777 call options.

Wall Street Analyst Weigh In

QFIN has been the subject of several recent analyst reports. Weiss Ratings raised shares of Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Bank of America reaffirmed a “neutral” rating and set a $15.33 price objective on shares of Qfin in a report on Wednesday, May 27th. Finally, Jefferies Financial Group dropped their price objective on shares of Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a report on Wednesday, March 18th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Qfin currently has an average rating of “Hold” and a consensus price target of $19.91.

Insider Buying and Selling at Qfin

In other news, Director Xiaohuan Chen acquired 190,000 shares of the company’s stock in a transaction dated Friday, March 27th. The stock was bought at an average price of $12.89 per share, with a total value of $2,449,100.00. Following the completion of the acquisition, the director owned 190,000 shares in the company, valued at approximately $2,449,100. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 17.10% of the company’s stock.

Hedge Funds Weigh In On Qfin

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Qfin in the first quarter valued at approximately $29,000. SBI Securities Co. Ltd. boosted its stake in Qfin by 6,796.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,931 shares of the company’s stock valued at $37,000 after acquiring an additional 1,903 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Qfin by 415.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,636 shares of the company’s stock valued at $51,000 after acquiring an additional 2,125 shares during the last quarter. Parallel Advisors LLC boosted its stake in Qfin by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 3,373 shares of the company’s stock valued at $65,000 after acquiring an additional 656 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Qfin by 23.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,358 shares of the company’s stock valued at $103,000 after acquiring an additional 1,016 shares during the last quarter. 74.81% of the stock is owned by institutional investors.

Qfin Stock Performance

Shares of Qfin stock opened at $15.20 on Thursday. Qfin has a fifty-two week low of $11.31 and a fifty-two week high of $46.18. The firm has a market cap of $2.16 billion, a P/E ratio of 2.78, a P/E/G ratio of 0.31 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a 50 day simple moving average of $13.46 and a 200 day simple moving average of $15.86.

Qfin (NASDAQ:QFIN) last announced its quarterly earnings data on Friday, May 15th. The company reported $1.12 earnings per share (EPS) for the quarter. Qfin had a net margin of 27.48% and a return on equity of 20.85%. The firm had revenue of $567.01 million for the quarter. Sell-side analysts predict that Qfin will post 3.82 earnings per share for the current fiscal year.

Qfin Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 22nd were paid a $0.78 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a yield of 1,176.0%. Qfin’s dividend payout ratio (DPR) is presently 28.21%.

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.