Banque Cantonale Vaudoise Trims Stake in Qfin Holdings Inc. – Sponsored ADR $QFIN

Banque Cantonale Vaudoise lessened its stake in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 51.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the company’s stock after selling 53,000 shares during the period. Banque Cantonale Vaudoise’s holdings in Qfin were worth $1,439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Qfin during the first quarter worth $29,000. Rexford Capital Inc. acquired a new position in shares of Qfin in the second quarter worth about $78,000. PNC Financial Services Group Inc. raised its position in shares of Qfin by 32.6% in the second quarter. PNC Financial Services Group Inc. now owns 3,147 shares of the company’s stock worth $136,000 after acquiring an additional 774 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Qfin by 703.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,538 shares of the company’s stock worth $131,000 after acquiring an additional 3,973 shares in the last quarter. Finally, Thoroughbred Financial Services LLC acquired a new stake in shares of Qfin during the 2nd quarter valued at about $212,000. Institutional investors and hedge funds own 74.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Qfin Price Performance

Shares of Qfin stock opened at $14.23 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.94 and a quick ratio of 2.94. The business has a 50 day simple moving average of $16.07 and a two-hundred day simple moving average of $21.53. The stock has a market capitalization of $2.02 billion, a P/E ratio of 2.07, a PEG ratio of 0.21 and a beta of 0.49. Qfin Holdings Inc. – Sponsored ADR has a 12 month low of $13.91 and a 12 month high of $48.94.

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.