Aberdeen Group plc Decreases Stake in Qfin Holdings Inc. – Sponsored ADR $QFIN

Aberdeen Group plc reduced its stake in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 31.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,166 shares of the company’s stock after selling 71,956 shares during the period. Aberdeen Group plc owned approximately 0.11% of Qfin worth $4,581,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Qfin during the 1st quarter valued at about $29,000. Hantz Financial Services Inc. lifted its position in Qfin by 472.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 739 shares of the company’s stock valued at $32,000 after acquiring an additional 610 shares during the period. iA Global Asset Management Inc. grew its stake in shares of Qfin by 250.2% in the second quarter. iA Global Asset Management Inc. now owns 823 shares of the company’s stock worth $36,000 after acquiring an additional 588 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in Qfin in the 2nd quarter worth approximately $60,000. Finally, Rexford Capital Inc. purchased a new stake in shares of Qfin during the 2nd quarter valued at about $78,000. 74.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Qfin Price Performance

Shares of NASDAQ QFIN opened at $14.94 on Friday. The business has a 50-day simple moving average of $17.30 and a two-hundred day simple moving average of $23.18. The company has a market cap of $2.12 billion, a PE ratio of 2.18, a P/E/G ratio of 0.22 and a beta of 0.52. Qfin Holdings Inc. – Sponsored ADR has a fifty-two week low of $14.71 and a fifty-two week high of $48.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.94 and a current ratio of 2.94.

Qfin (NASDAQ:QFIN) last released 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 firm 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, equities analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 5.71 EPS for the current fiscal year.

Qfin Company 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.