SG Americas Securities LLC Purchases 104,783 Shares of Qfin Holdings Inc. – Sponsored ADR $QFIN

SG Americas Securities LLC grew its position in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 602.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,186 shares of the company’s stock after purchasing an additional 104,783 shares during the quarter. SG Americas Securities LLC owned approximately 0.09% of Qfin worth $2,355,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Krane Funds Advisors LLC grew its position in Qfin by 25.1% during the third quarter. Krane Funds Advisors LLC now owns 6,344,592 shares of the company’s stock valued at $182,597,000 after acquiring an additional 1,271,942 shares during the last quarter. Swedbank AB raised its position in Qfin by 24.2% in the 3rd quarter. Swedbank AB now owns 1,660,064 shares of the company’s stock worth $47,777,000 after purchasing an additional 323,664 shares during the period. Goldman Sachs Group Inc. lifted its stake in Qfin by 32.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,603,830 shares of the company’s stock worth $72,028,000 after purchasing an additional 395,589 shares during the last quarter. Yunqi Capital Ltd grew its stake in shares of Qfin by 4.6% during the third quarter. Yunqi Capital Ltd now owns 1,071,630 shares of the company’s stock valued at $30,842,000 after buying an additional 47,000 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Qfin by 78.3% during the third quarter. Qube Research & Technologies Ltd now owns 1,008,011 shares of the company’s stock valued at $29,011,000 after buying an additional 442,550 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.

Qfin Price Performance

QFIN stock opened at $12.99 on Friday. The company has a market cap of $1.84 billion, a price-to-earnings 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 quick ratio of 2.94 and a current ratio of 2.43. The business’s 50-day moving average is $14.60 and its two-hundred day moving average is $19.65. Qfin Holdings Inc. – Sponsored ADR has a fifty-two week low of $12.29 and a fifty-two week high of $47.00.

Qfin (NASDAQ:QFIN) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.59 EPS for the quarter. The firm 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%. As a group, analysts forecast that Qfin Holdings Inc. – Sponsored ADR will post 5.71 earnings per share for the current year.

Qfin Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Wednesday, April 22nd will be paid a dividend of $0.78 per share. This represents a dividend yield of 1,143.0%. The ex-dividend date is Wednesday, April 22nd. Qfin’s dividend payout ratio (DPR) is currently 24.35%.

Insider Activity

In related news, Director Xiaohuan Chen acquired 190,000 shares of Qfin stock in a transaction dated Friday, March 27th. The stock was purchased at an average cost of $12.89 per share, for a total transaction of $2,449,100.00. Following the purchase, the director directly owned 190,000 shares of the company’s stock, valued at approximately $2,449,100. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 17.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

QFIN has been the subject of several analyst reports. Zacks Research cut Qfin from a “hold” rating to a “strong sell” rating in a report 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 cut their target price on shares of Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a report on Wednesday, March 18th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.20.

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.