Qfin Holdings Inc. – Sponsored ADR $QFIN Shares Bought by HCEP Management Ltd

HCEP Management Ltd lifted its stake in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 100.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 352,013 shares of the company’s stock after acquiring an additional 176,432 shares during the period. Qfin makes up about 5.8% of HCEP Management Ltd’s investment portfolio, making the stock its 5th largest holding. HCEP Management Ltd’s holdings in Qfin were worth $10,131,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Aspex Management HK Ltd lifted its position in Qfin by 30.5% in the 2nd quarter. Aspex Management HK Ltd now owns 6,612,366 shares of the company’s stock valued at $286,712,000 after acquiring an additional 1,547,312 shares in the last quarter. Krane Funds Advisors LLC increased its holdings in Qfin by 25.1% during the 3rd quarter. Krane Funds Advisors LLC now owns 6,344,592 shares of the company’s stock worth $182,597,000 after purchasing an additional 1,271,942 shares in the last quarter. Norges Bank acquired a new stake in shares of Qfin in the 2nd quarter valued at about $43,265,000. JPMorgan Chase & Co. raised its stake in shares of Qfin by 116.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,376,477 shares of the company’s stock valued at $59,684,000 after purchasing an additional 740,888 shares during the period. Finally, Greenwoods Asset Management Hong Kong Ltd. lifted its holdings in shares of Qfin by 22.6% in the second quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,295,438 shares of the company’s stock valued at $142,890,000 after purchasing an additional 606,446 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Qfin Stock Performance

Shares of NASDAQ:QFIN opened at $14.72 on Monday. The company’s 50-day moving average price is $16.37 and its two-hundred day moving average price is $21.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.94 and a quick ratio of 2.94. Qfin Holdings Inc. – Sponsored ADR has a one year low of $14.04 and a one year high of $48.94. The stock has a market capitalization of $2.09 billion, a PE ratio of 2.15, a price-to-earnings-growth ratio of 0.22 and a beta of 0.49.

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.