Y Intercept Hong Kong Ltd Raises Stock Holdings in Qfin Holdings Inc. – Sponsored ADR $QFIN

Y Intercept Hong Kong Ltd boosted its stake in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 15.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,491 shares of the company’s stock after purchasing an additional 46,667 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.24% of Qfin worth $4,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QFIN. OVERSEA CHINESE BANKING Corp Ltd increased 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 valued at $11,165,000 after purchasing an additional 510,730 shares in the last quarter. Prudential PLC raised its holdings in shares of Qfin by 15.8% in the third 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 last quarter. American Century Companies Inc. lifted its stake in shares of Qfin by 20.6% during the third 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. HCEP Management Ltd lifted its stake in shares of Qfin by 100.5% during the third quarter. HCEP Management Ltd now owns 352,013 shares of the company’s stock worth $10,131,000 after buying an additional 176,432 shares during the period. Finally, APEIRON CAPITAL Ltd grew its holdings in shares of Qfin by 29.5% during the fourth quarter. APEIRON CAPITAL Ltd now owns 1,027,455 shares of the company’s stock valued at $19,799,000 after buying an additional 234,000 shares during the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qfin Stock Performance

Shares of Qfin stock opened at $15.46 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a fifty day moving average price of $14.28 and a 200 day moving average price of $15.17. Qfin Holdings Inc. – Sponsored ADR has a 1 year low of $11.31 and a 1 year high of $45.05. The stock has a market cap of $1.88 billion, a PE ratio of 2.83 and a beta of 0.57.

Qfin (NASDAQ:QFIN) last posted its quarterly earnings results on Friday, May 15th. The company reported $1.12 EPS for the quarter. The company had revenue of $567.01 million for the quarter. Qfin had a net margin of 27.48% and a return on equity of 20.85%. Equities research analysts predict that Qfin Holdings Inc. – Sponsored ADR will post 3.79 earnings per share for the current year.

Insider Activity at Qfin

In related news, Director Xiaohuan Chen bought 4,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average price of $14.41 per share, for a total transaction of $57,640.00. Following the completion of the purchase, the director directly owned 19,000 shares of the company’s stock, valued at $273,790. This represents a 26.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 17.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

QFIN has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their target price on Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Weiss Ratings raised Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Finally, Bank of America restated a “neutral” rating and issued a $15.33 price objective on shares of Qfin in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.91.

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.