Qfin (NASDAQ:QFIN) Director Xiaohuan Chen Acquires 190,000 Shares

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Director Xiaohuan Chen acquired 190,000 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The stock was bought at an average price of $12.89 per share, for a total transaction of $2,449,100.00. Following the completion of the transaction, the director owned 190,000 shares of the company’s stock, valued at $2,449,100. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Qfin Trading Up 0.1%

Shares of QFIN opened at $12.99 on Friday. Qfin Holdings Inc. – Sponsored ADR has a 1-year low of $12.29 and a 1-year high of $47.00. The company has a market capitalization of $1.84 billion, a P/E ratio of 2.11, a P/E/G ratio of 0.21 and a beta of 0.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 2.94. The firm’s 50 day simple moving average is $14.66 and its 200 day simple moving average is $19.82.

Qfin (NASDAQ:QFIN) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.59 EPS for the quarter. The business had revenue of $584.98 million during the quarter. Qfin had a net margin of 31.13% and a return on equity of 24.97%. Sell-side analysts forecast that Qfin Holdings Inc. – Sponsored ADR will post 5.71 earnings per share for the current fiscal year.

Qfin Dividend Announcement

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. The ex-dividend date is Wednesday, April 22nd. This represents a yield of 1,143.0%. Qfin’s payout ratio is 24.35%.

Analysts Set New Price Targets

Several brokerages have issued reports on QFIN. Zacks Research lowered Qfin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qfin in a research report on Monday, December 29th. Finally, Jefferies Financial Group decreased their price objective on Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.20.

Hedge Funds Weigh In On Qfin

A number of large investors have recently added to or reduced their stakes in QFIN. Triata Capital Ltd lifted its stake in Qfin by 188.3% in the fourth quarter. Triata Capital Ltd now owns 3,125,331 shares of the company’s stock worth $60,225,000 after purchasing an additional 2,041,351 shares during the last quarter. Norges Bank bought a new position in shares of Qfin during the fourth quarter valued at about $30,436,000. Krane Funds Advisors LLC increased its holdings in shares of Qfin by 25.1% in the third 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. Goldman Sachs Group Inc. lifted its stake in shares of Qfin by 198.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,842,278 shares of the company’s stock valued at $35,501,000 after acquiring an additional 1,224,164 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Qfin by 1,050.6% in the 3rd quarter. Marshall Wace LLP now owns 790,665 shares of the company’s stock valued at $22,755,000 after acquiring an additional 721,950 shares during the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

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.