Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Receives $51.73 Consensus PT from Analysts

Shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $51.7333.

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Qfin from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Zacks Research downgraded Qfin from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Qfin in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. initiated coverage on Qfin in a report on Wednesday, July 2nd. They set an “overweight” rating and a $65.00 target price for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of QFIN. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Qfin by 10,812.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,042,306 shares of the company’s stock worth $91,720,000 after purchasing an additional 2,023,590 shares during the period. Aspex Management HK Ltd grew its position in Qfin by 30.5% in the second quarter. Aspex Management HK Ltd now owns 6,612,366 shares of the company’s stock valued at $286,712,000 after acquiring an additional 1,547,312 shares during the last quarter. Krane Funds Advisors LLC grew its position in Qfin by 24.4% in the first quarter. Krane Funds Advisors LLC now owns 7,032,927 shares of the company’s stock valued at $315,849,000 after acquiring an additional 1,381,624 shares during the last quarter. Keystone Investors PTE Ltd. bought a new position in Qfin in the first quarter valued at about $52,814,000. Finally, Norges Bank bought a new position in Qfin in the second quarter valued at about $43,265,000. Institutional investors own 74.81% of the company’s stock.

Qfin Trading Down 0.3%

Shares of QFIN stock opened at $25.21 on Thursday. The firm has a market capitalization of $3.58 billion, a P/E ratio of 3.56, a price-to-earnings-growth ratio of 0.26 and a beta of 0.42. Qfin has a 1 year low of $24.83 and a 1 year high of $48.94. The firm’s fifty day simple moving average is $29.55 and its 200 day simple moving average is $36.80. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.20.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings results on Thursday, August 14th. The company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.01). The business had revenue of $728.00 million for the quarter, compared to the consensus estimate of $4.68 billion. Qfin had a return on equity of 30.74% and a net margin of 38.66%. As a group, sell-side analysts predict that Qfin will post 5.71 EPS for the current year.

Qfin Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 8th were given a $0.76 dividend. The ex-dividend date was Monday, September 8th. This is an increase from Qfin’s previous semi-annual dividend of $0.70. This represents a dividend yield of 541.0%. Qfin’s dividend payout ratio (DPR) is 21.19%.

About Qfin

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.