Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Given Average Rating of “Hold” by Brokerages

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) has received an average rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $32.3667.

Several analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Qfin in a research note on Monday, December 29th. Zacks Research downgraded Qfin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Finally, Jefferies Financial Group cut their price objective on shares of Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a report on Wednesday, March 18th.

Institutional Trading of Qfin

Several hedge funds have recently bought and sold shares of QFIN. Aspex Management HK Ltd boosted its holdings in shares of Qfin by 30.5% during the 2nd quarter. Aspex Management HK Ltd now owns 6,612,366 shares of the company’s stock valued at $286,712,000 after purchasing an additional 1,547,312 shares during the last quarter. Krane Funds Advisors LLC increased its holdings in shares of Qfin by 25.1% in the third 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 during the last quarter. Triata Capital Ltd lifted its position in shares of Qfin by 188.3% in the fourth quarter. Triata Capital Ltd now owns 3,125,331 shares of the company’s stock worth $60,225,000 after buying an additional 2,041,351 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Qfin by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,988,999 shares of the company’s stock worth $38,350,000 after buying an additional 176,754 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Qfin by 198.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,842,278 shares of the company’s stock valued at $35,501,000 after buying an additional 1,224,164 shares during the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qfin Trading Down 2.8%

Shares of Qfin stock opened at $13.14 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.94 and a current ratio of 2.43. The company has a fifty day moving average of $15.20 and a 200 day moving average of $20.47. The company has a market capitalization of $1.87 billion, a P/E ratio of 2.13, a P/E/G ratio of 0.22 and a beta of 0.49. Qfin has a fifty-two week low of $12.68 and a fifty-two week high of $48.94.

Qfin (NASDAQ:QFIN) last announced its quarterly earnings data on Tuesday, March 17th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.01). The business had revenue of $585.10 million during the quarter, compared to analysts’ expectations of $664.95 million. Qfin had a net margin of 31.13% and a return on equity of 24.97%. On average, sell-side analysts anticipate that Qfin will post 5.71 earnings per share for the current fiscal year.

Qfin Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 22nd will be paid a dividend of $0.78 per share. This represents a yield of 1,143.0%. The ex-dividend date of this dividend is Wednesday, April 22nd. Qfin’s dividend payout ratio (DPR) is presently 24.35%.

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.