Brokerages Set Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Target Price at $32.37

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) has been given a consensus rating of “Hold” by the five research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $32.3667.

Several analysts recently commented on the company. Jefferies Financial Group lowered their target price on Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Qfin in a research note on Monday, December 29th. Finally, Zacks Research lowered Qfin from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 17th.

Institutional Trading of Qfin

A number of institutional investors have recently made changes to their positions in QFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Qfin in the first quarter valued at approximately $29,000. SBI Securities Co. Ltd. raised its holdings in Qfin by 6,796.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,931 shares of the company’s stock worth $37,000 after purchasing an additional 1,903 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Qfin by 415.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,636 shares of the company’s stock worth $51,000 after purchasing an additional 2,125 shares during the period. Parallel Advisors LLC boosted its stake in Qfin by 24.1% during the 4th quarter. Parallel Advisors LLC now owns 3,373 shares of the company’s stock valued at $65,000 after purchasing an additional 656 shares in the last quarter. Finally, Rexford Capital Inc. bought a new position in Qfin during the 2nd quarter valued at $78,000. 74.81% of the stock is owned by institutional investors and hedge funds.

Qfin Stock Performance

Qfin stock opened at $13.29 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 2.94. Qfin has a 12 month low of $12.68 and a 12 month high of $48.94. The company has a fifty day moving average price of $15.36 and a two-hundred day moving average price of $20.80. The company has a market cap of $1.89 billion, a PE ratio of 2.16, a P/E/G ratio of 0.19 and a beta of 0.49.

Qfin (NASDAQ:QFIN) last posted its quarterly earnings results on Tuesday, March 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). Qfin had a return on equity of 24.97% and a net margin of 31.13%.The business had revenue of $585.10 million during the quarter, compared to the consensus estimate of $664.95 million. Research analysts expect that Qfin will post 5.71 earnings per share for the current year.

Qfin Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 22nd will be given a $0.78 dividend. This represents a yield of 1,143.0%. The ex-dividend date is Wednesday, April 22nd. Qfin’s dividend payout ratio is currently 21.87%.

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.