Serenity Capital Management PTE. LTD. Has $11.31 Million Stake in Qfin Holdings Inc. – Sponsored ADR $QFIN

Serenity Capital Management PTE. LTD. cut its position in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 23.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 260,849 shares of the company’s stock after selling 80,000 shares during the period. Qfin accounts for 4.8% of Serenity Capital Management PTE. LTD.’s portfolio, making the stock its 6th largest holding. Serenity Capital Management PTE. LTD.’s holdings in Qfin were worth $11,310,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of QFIN. Quantbot Technologies LP grew its holdings in Qfin by 13.8% during the second quarter. Quantbot Technologies LP now owns 18,335 shares of the company’s stock worth $795,000 after purchasing an additional 2,229 shares during the period. New York State Common Retirement Fund lifted its position in shares of Qfin by 12.4% in the second quarter. New York State Common Retirement Fund now owns 449,925 shares of the company’s stock valued at $19,509,000 after buying an additional 49,500 shares during the last quarter. Advent Capital Management DE bought a new position in shares of Qfin during the 2nd quarter worth approximately $818,000. Schroder Investment Management Group increased its holdings in shares of Qfin by 42.3% during the 2nd quarter. Schroder Investment Management Group now owns 413,022 shares of the company’s stock worth $17,909,000 after acquiring an additional 122,819 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in Qfin by 0.9% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 257,454 shares of the company’s stock valued at $11,163,000 after acquiring an additional 2,400 shares during the period. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Qfin from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Zacks Research raised shares of Qfin from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. JPMorgan Chase & Co. downgraded shares of Qfin from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $45.00 to $21.00 in a report on Wednesday, November 19th. Finally, Weiss Ratings cut shares of Qfin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $36.85.

Qfin Stock Down 1.3%

QFIN stock opened at $18.74 on Friday. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.20. Qfin Holdings Inc. – Sponsored ADR has a 52 week low of $17.61 and a 52 week high of $48.94. The company has a market cap of $2.66 billion, a PE ratio of 2.73, a price-to-earnings-growth ratio of 0.21 and a beta of 0.40. The business has a 50-day simple moving average of $23.92 and a 200 day simple moving average of $32.52.

Qfin (NASDAQ:QFIN) last announced 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 firm had revenue of $731.04 million for the quarter, compared to analyst estimates of $693.21 million. Sell-side analysts anticipate that Qfin Holdings Inc. – Sponsored ADR will post 5.71 EPS for the current fiscal year.

About Qfin

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.