Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Receives $19.91 Consensus PT from Brokerages

Shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) have been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.3075.

A number of equities analysts recently commented on the stock. Weiss Ratings downgraded shares of Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft set a $13.00 target price on Qfin in a research report on Wednesday. Zacks Research raised Qfin from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Bank of America restated a “neutral” rating and set a $15.33 price objective on shares of Qfin in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. dropped their price objective on Qfin from $14.50 to $13.50 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th.

Qfin Stock Performance

NASDAQ:QFIN opened at $12.27 on Monday. Qfin has a one year low of $11.31 and a one year high of $32.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.22 and a current ratio of 2.22. The firm has a market cap of $1.49 billion, a P/E ratio of 2.25 and a beta of 0.63. The firm has a 50-day simple moving average of $14.11 and a 200-day simple moving average of $14.13.

Qfin (NASDAQ:QFIN) last released its quarterly earnings data on Friday, May 15th. The company reported $1.12 earnings per share (EPS) for the quarter. The firm 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 analysts anticipate that Qfin will post 3.74 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Xiaohuan Chen bought 4,000 shares of Qfin stock in a transaction on Tuesday, June 9th. The stock was acquired at an average cost of $14.41 per share, for a total transaction of $57,640.00. Following the completion of the acquisition, the director owned 19,000 shares of the company’s stock, valued at $273,790. This trade represents a 26.67% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 17.10% of the company’s stock.

Institutional Trading of Qfin

Institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Qfin during the 1st quarter worth approximately $29,000. SBI Securities Co. Ltd. lifted its position in Qfin by 6,796.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,931 shares of the company’s stock valued at $37,000 after acquiring an additional 1,903 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Qfin by 415.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,636 shares of the company’s stock valued at $51,000 after acquiring an additional 2,125 shares in the last quarter. Parallel Advisors LLC boosted its stake in Qfin by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 3,373 shares of the company’s stock valued at $65,000 after acquiring an additional 656 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Qfin by 23.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,358 shares of the company’s stock worth $103,000 after purchasing an additional 1,016 shares during the last quarter. 74.81% of the stock is currently owned by institutional investors.

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.