Robeco Institutional Asset Management B.V. Reduces Stock Position in Qfin Holdings Inc. – Sponsored ADR $QFIN

Robeco Institutional Asset Management B.V. lessened its holdings in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 20.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 179,014 shares of the company’s stock after selling 45,253 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.13% of Qfin worth $5,152,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in QFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Qfin during the 1st quarter worth about $29,000. Hantz Financial Services Inc. grew its holdings in Qfin by 472.9% during the second quarter. Hantz Financial Services Inc. now owns 739 shares of the company’s stock worth $32,000 after acquiring an additional 610 shares during the period. Hoey Investments Inc. purchased a new position in Qfin during the second quarter valued at approximately $33,000. iA Global Asset Management Inc. lifted its holdings in Qfin by 250.2% in the second quarter. iA Global Asset Management Inc. now owns 823 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares during the period. Finally, First Horizon Advisors Inc. acquired a new position in Qfin in the second quarter valued at approximately $60,000. 74.81% of the stock is owned by hedge funds and other institutional investors.

Qfin Price Performance

Shares of NASDAQ QFIN opened at $17.50 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a market cap of $2.48 billion, a PE ratio of 2.55, a PEG ratio of 0.26 and a beta of 0.43. Qfin Holdings Inc. – Sponsored ADR has a one year low of $17.20 and a one year high of $48.94. The firm has a fifty day moving average of $20.05 and a 200 day moving average of $28.22.

Qfin (NASDAQ:QFIN) last announced its earnings results on Tuesday, November 18th. The company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.16). The company had revenue of $731.04 million during the quarter, compared to analyst estimates of $693.21 million. Qfin had a net margin of 35.09% and a return on equity of 28.73%. As a group, research analysts predict that Qfin Holdings Inc. – Sponsored ADR will post 5.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on QFIN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qfin in a report on Monday, December 29th. JPMorgan Chase & Co. lowered shares of Qfin from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $45.00 to $21.00 in a research report on Wednesday, November 19th. Finally, Zacks Research downgraded shares of Qfin from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Qfin currently has an average rating of “Hold” and an average price target of $36.85.

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.