HCEP Management Ltd Raises Stock Position in Qfin Holdings Inc. – Sponsored ADR $QFIN

HCEP Management Ltd lifted its holdings in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 100.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 352,013 shares of the company’s stock after buying an additional 176,432 shares during the quarter. Qfin comprises approximately 5.8% of HCEP Management Ltd’s investment portfolio, making the stock its 5th biggest holding. HCEP Management Ltd owned about 0.25% of Qfin worth $10,131,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of QFIN. TD Waterhouse Canada Inc. boosted its stake in Qfin by 2.6% in the third quarter. TD Waterhouse Canada Inc. now owns 16,959 shares of the company’s stock valued at $504,000 after acquiring an additional 429 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in shares of Qfin by 6.9% in the 2nd quarter. Personal CFO Solutions LLC now owns 8,141 shares of the company’s stock valued at $353,000 after purchasing an additional 526 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Qfin in the 1st quarter worth $29,000. PNC Financial Services Group Inc. grew its stake in shares of Qfin by 32.6% during the second quarter. PNC Financial Services Group Inc. now owns 3,147 shares of the company’s stock worth $136,000 after purchasing an additional 774 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Qfin by 3.9% during the second quarter. SG Americas Securities LLC now owns 30,410 shares of the company’s stock worth $1,319,000 after purchasing an additional 1,128 shares during the period. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qfin Stock Performance

Shares of Qfin stock opened at $14.72 on Monday. The company has a market capitalization of $2.09 billion, a PE ratio of 2.15, a PEG ratio of 0.22 and a beta of 0.49. Qfin Holdings Inc. – Sponsored ADR has a 12 month low of $14.04 and a 12 month high of $48.94. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $16.37 and its 200 day simple moving average is $21.81.

Wall Street Analysts Forecast Growth

QFIN has been the topic of several analyst reports. Zacks Research lowered Qfin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Weiss Ratings restated a “hold (c)” rating on shares of Qfin in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. cut Qfin from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $45.00 to $21.00 in a research note on Wednesday, November 19th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Qfin currently has an average rating of “Hold” and an average price target of $36.85.

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.