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

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) has been given a consensus recommendation of “Hold” by the five analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $19.91.

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

Insider Buying and Selling at Qfin

In other Qfin news, Director Xiaohuan Chen bought 190,000 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was acquired at an average price of $12.89 per share, for a total transaction of $2,449,100.00. Following the completion of the purchase, the director owned 190,000 shares of the company’s stock, valued at approximately $2,449,100. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 17.10% of the company’s stock.

Institutional Investors Weigh In On Qfin

Several hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of Qfin by 48.5% during the first quarter. Bank of America Corp DE now owns 1,987,457 shares of the company’s stock worth $25,658,000 after buying an additional 649,492 shares during the period. Royal Bank of Canada boosted its stake in shares of Qfin by 247.8% during the first quarter. Royal Bank of Canada now owns 24,063 shares of the company’s stock worth $311,000 after buying an additional 17,144 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Qfin during the first quarter worth about $5,032,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Qfin during the first quarter worth about $5,612,000. Finally, Cetera Investment Advisers boosted its stake in shares of Qfin by 39.1% during the first quarter. Cetera Investment Advisers now owns 57,028 shares of the company’s stock worth $736,000 after buying an additional 16,018 shares during the period. Institutional investors and hedge funds own 74.81% of the company’s stock.

Qfin Stock Performance

Shares of QFIN stock traded up $3.15 during mid-day trading on Wednesday, hitting $15.74. 7,354,300 shares of the stock were exchanged, compared to its average volume of 1,508,069. The stock’s fifty day simple moving average is $13.18 and its two-hundred day simple moving average is $16.15. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 2.56, a P/E/G ratio of 0.22 and a beta of 0.54. Qfin has a 12-month low of $11.31 and a 12-month high of $46.18. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.43 and a current ratio of 2.43.

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

Qfin Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 22nd were issued 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 (DPR) is presently 25.00%.

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.