American Century Companies Inc. Boosts Holdings in Qfin Holdings Inc. – Sponsored ADR $QFIN

American Century Companies Inc. raised its position in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 20.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 794,274 shares of the company’s stock after purchasing an additional 135,462 shares during the quarter. American Century Companies Inc. owned 0.56% of Qfin worth $22,859,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in QFIN. Aspex Management HK Ltd grew its holdings in shares of Qfin by 30.5% in the second quarter. Aspex Management HK Ltd now owns 6,612,366 shares of the company’s stock worth $286,712,000 after purchasing an additional 1,547,312 shares during the last quarter. Krane Funds Advisors LLC increased its stake in Qfin by 25.1% in the 3rd quarter. Krane Funds Advisors LLC now owns 6,344,592 shares of the company’s stock worth $182,597,000 after buying an additional 1,271,942 shares during the period. Greenwoods Asset Management Hong Kong Ltd. lifted its holdings in Qfin by 22.6% during the 2nd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,295,438 shares of the company’s stock valued at $142,890,000 after buying an additional 606,446 shares in the last quarter. Swedbank AB boosted its position in Qfin by 24.2% in the 3rd quarter. Swedbank AB now owns 1,660,064 shares of the company’s stock valued at $47,777,000 after buying an additional 323,664 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Qfin by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,603,830 shares of the company’s stock valued at $72,028,000 after buying an additional 395,589 shares during the period. Institutional investors own 74.81% of the company’s stock.

Qfin Price Performance

Shares of QFIN opened at $14.61 on Tuesday. 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 company has a 50 day moving average price of $16.27 and a 200-day moving average price of $21.70. Qfin Holdings Inc. – Sponsored ADR has a fifty-two week low of $14.04 and a fifty-two week high of $48.94. The stock has a market capitalization of $2.07 billion, a PE ratio of 2.13, a PEG ratio of 0.22 and a beta of 0.49.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on QFIN shares. Zacks Research lowered 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 lowered their price target for the company from $45.00 to $21.00 in a report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Qfin in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $36.85.

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.