Matthews International Capital Management LLC Has $5.34 Million Holdings in Qfin Holdings Inc. – Sponsored ADR $QFIN

Matthews International Capital Management LLC lessened its holdings in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 277,149 shares of the company’s stock after selling 45,699 shares during the period. Qfin accounts for about 1.6% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Matthews International Capital Management LLC owned approximately 0.20% of Qfin worth $5,341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of QFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Qfin in the 1st quarter valued at $29,000. PNC Financial Services Group Inc. lifted its stake in shares of Qfin by 38.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,342 shares of the company’s stock valued at $125,000 after purchasing an additional 1,195 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Qfin by 703.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,538 shares of the company’s stock valued at $131,000 after purchasing an additional 3,973 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Qfin by 59.2% in the 4th quarter. Signaturefd LLC now owns 6,982 shares of the company’s stock valued at $135,000 after purchasing an additional 2,597 shares during the last quarter. Finally, Legacy Financial Advisors Inc. acquired a new stake in shares of Qfin in the 3rd quarter valued at $201,000. Institutional investors and hedge funds own 74.81% of the company’s stock.

Insider Activity

In related news, Director Xiaohuan Chen acquired 190,000 shares of the company’s stock in a transaction dated Friday, March 27th. The shares were bought at an average price of $12.89 per share, for a total transaction of $2,449,100.00. Following the acquisition, the director owned 190,000 shares in the company, valued at $2,449,100. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.10% of the company’s stock.

Qfin Stock Performance

Shares of QFIN opened at $13.01 on Friday. The company has a market capitalization of $1.85 billion, a PE ratio of 2.11, a price-to-earnings-growth ratio of 0.24 and a beta of 0.51. Qfin Holdings Inc. – Sponsored ADR has a one year low of $12.29 and a one year high of $47.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 2.94. The company’s fifty day moving average price is $13.93 and its 200 day moving average price is $17.98.

Qfin (NASDAQ:QFIN) last announced its earnings results on Saturday, February 14th. The company reported $0.59 EPS for the quarter. Qfin had a net margin of 31.13% and a return on equity of 24.97%. The firm had revenue of $584.98 million for the quarter. As a group, analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 3.82 earnings per share for the current year.

Qfin Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Wednesday, April 22nd will be issued a dividend of $0.78 per share. The ex-dividend date is Wednesday, April 22nd. This represents a dividend yield of 1,176.0%. Qfin’s payout ratio is presently 25.00%.

Analyst Upgrades and Downgrades

QFIN has been the subject of several analyst reports. Jefferies Financial Group reduced their price objective on shares of Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Weiss Ratings downgraded shares of Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $22.20.

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.