United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases New Stake in Qfin Holdings Inc. – Sponsored ADR $QFIN

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 59,641 shares of the company’s stock, valued at approximately $1,149,000.

Other large investors also recently modified their holdings of the company. TD Waterhouse Canada Inc. grew its stake in Qfin by 2.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 16,959 shares of the company’s stock worth $504,000 after buying an additional 429 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Qfin during the 1st quarter worth $29,000. PNC Financial Services Group Inc. grew its stake in Qfin by 23.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,358 shares of the company’s stock worth $103,000 after buying an additional 1,016 shares during the last quarter. Swiss Life Asset Management Ltd grew its stake in Qfin by 10.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 11,468 shares of the company’s stock worth $221,000 after buying an additional 1,058 shares during the last quarter. Finally, Summit Global Investments grew its stake in Qfin by 13.5% during the 3rd quarter. Summit Global Investments now owns 14,607 shares of the company’s stock worth $420,000 after buying an additional 1,733 shares during the last quarter. 74.81% of the stock is currently owned by institutional investors.

Qfin Trading Up 4.6%

Shares of NASDAQ QFIN opened at $16.08 on Friday. Qfin Holdings Inc. – Sponsored ADR has a 12 month low of $11.31 and a 12 month high of $46.18. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 2.95, a P/E/G ratio of 0.29 and a beta of 0.54. The company has a quick ratio of 2.43, a current ratio of 2.22 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $13.29 and a 200-day simple moving average of $16.06.

Qfin (NASDAQ:QFIN) last announced 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 firm had revenue of $567.01 million during the quarter, compared to the consensus estimate of $476.92 million. Qfin had a return on equity of 20.85% and a net margin of 27.48%. Sell-side analysts predict that Qfin Holdings Inc. – Sponsored ADR will post 3.82 EPS for the current year.

Qfin Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 22nd were given a $0.78 dividend. This represents a yield of 1,176.0%. The ex-dividend date of this dividend was Wednesday, April 22nd. Qfin’s dividend payout ratio is presently 28.21%.

Wall Street Analysts Forecast Growth

QFIN has been the subject of a number of recent research reports. Bank of America restated a “neutral” rating and set a $15.33 price objective on shares of Qfin in a research note on Wednesday. Jefferies Financial Group lowered their price objective on Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Finally, Weiss Ratings upgraded shares of Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.91.

Insiders Place Their Bets

In related news, Director Xiaohuan Chen acquired 190,000 shares of the 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 acquisition, the director owned 190,000 shares in the company, valued at approximately $2,449,100. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.10% of the stock is currently owned by insiders.

Qfin 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.