UBS Group AG Has $11.84 Million Holdings in Qfin Holdings Inc. – Sponsored ADR $QFIN

UBS Group AG lessened its holdings in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 59.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 614,521 shares of the company’s stock after selling 900,237 shares during the quarter. UBS Group AG owned 0.43% of Qfin worth $11,842,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cape Ann Asset Management Ltd acquired a new stake in Qfin during the 3rd quarter worth $14,698,000. Prudential PLC raised its stake in Qfin by 15.8% during the 3rd quarter. Prudential PLC now owns 820,581 shares of the company’s stock worth $23,616,000 after buying an additional 112,087 shares during the period. American Century Companies Inc. raised its stake in Qfin by 20.6% during the 3rd quarter. American Century Companies Inc. now owns 794,274 shares of the company’s stock worth $22,859,000 after buying an additional 135,462 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Qfin by 741.9% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 579,568 shares of the company’s stock worth $11,165,000 after buying an additional 510,730 shares during the period. Finally, Krane Funds Advisors LLC increased its holdings in Qfin by 25.1% during the 3rd quarter. Krane Funds Advisors LLC now owns 6,344,592 shares of the company’s stock worth $182,597,000 after purchasing an additional 1,271,942 shares in the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings cut Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Jefferies Financial Group lowered their target price on 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, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Qfin has a consensus rating of “Reduce” and a consensus target price of $22.20.

Qfin Price Performance

QFIN stock opened at $12.79 on Friday. The stock has a 50-day moving average price of $13.46 and a two-hundred day moving average price of $16.70. The stock has a market cap of $1.82 billion, a PE ratio of 2.08, a price-to-earnings-growth ratio of 0.25 and a beta of 0.54. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.07. Qfin Holdings Inc. – Sponsored ADR has a 1 year low of $12.29 and a 1 year high of $46.18.

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

Qfin Announces Dividend

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

Insider Buying and Selling at Qfin

In related news, Director Xiaohuan Chen acquired 190,000 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was bought at an average price of $12.89 per share, for a total transaction of $2,449,100.00. Following the acquisition, the director directly owned 190,000 shares of the company’s stock, valued at approximately $2,449,100. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 17.10% of the stock is owned by insiders.

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.