Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) have been assigned a consensus rating of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $19.91.

QFIN has been the topic of a number of recent research reports. Weiss Ratings raised Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Bank of America reaffirmed a “neutral” rating and set a $15.33 price objective on shares of Qfin in a research report on Wednesday. Finally, Jefferies Financial Group cut their price objective on Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a research report on Wednesday, March 18th.

Qfin Trading Up 25.0%

NASDAQ:QFIN traded up $3.15 during trading hours on Wednesday, reaching $15.74. 7,354,300 shares of the stock were exchanged, compared to its average volume of 1,508,069. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average of $13.18 and a two-hundred day moving average of $16.15. Qfin has a twelve month low of $11.31 and a twelve month high of $46.18. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 2.56, a PEG ratio of 0.22 and a beta of 0.54.

Qfin (NASDAQ:QFIN) last released its quarterly earnings results on Tuesday, May 26th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.08. Qfin had a return on equity of 24.97% and a net margin of 31.13%.The company had revenue of $567.01 million for the quarter, compared to analysts’ expectations of $476.92 million. On average, equities analysts predict that Qfin will post 3.82 EPS for the current year.

Qfin Dividend Announcement

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

Insider Buying and Selling at Qfin

In related news, Director Xiaohuan Chen acquired 190,000 shares of the business’s stock in a transaction dated Friday, March 27th. The shares were acquired at an average price of $12.89 per share, with a total value of $2,449,100.00. Following the completion of the transaction, the director owned 190,000 shares of the company’s stock, valued at $2,449,100. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 17.10% of the company’s stock.

Hedge Funds Weigh In On Qfin

Several large investors have recently bought and sold shares of QFIN. Royal Bank of Canada increased its holdings in Qfin by 51.7% in the first quarter. Royal Bank of Canada now owns 6,508 shares of the company’s stock valued at $293,000 after buying an additional 2,219 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Qfin in the first quarter valued at $29,000. Goldman Sachs Group Inc. increased its holdings in Qfin by 32.7% in the first 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 during the last quarter. California State Teachers Retirement System increased its holdings in Qfin by 333.8% in the second quarter. California State Teachers Retirement System now owns 34,810 shares of the company’s stock valued at $1,509,000 after buying an additional 26,786 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Qfin by 31.6% in the third quarter. Sequoia Financial Advisors LLC now owns 9,179 shares of the company’s stock valued at $264,000 after buying an additional 2,206 shares during the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

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.