Qfin Holdings Inc. – Sponsored ADR $QFIN Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 108.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 947,274 shares of the company’s stock after purchasing an additional 493,007 shares during the quarter. BNP Paribas Financial Markets’ holdings in Qfin were worth $18,254,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of QFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Qfin during the 1st quarter worth approximately $29,000. SBI Securities Co. Ltd. increased its stake in Qfin by 6,796.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,931 shares of the company’s stock worth $37,000 after buying an additional 1,903 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Qfin by 23.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,358 shares of the company’s stock worth $103,000 after buying an additional 1,016 shares in the last quarter. Signaturefd LLC increased its stake in Qfin by 59.2% during the 4th quarter. Signaturefd LLC now owns 6,982 shares of the company’s stock worth $135,000 after buying an additional 2,597 shares in the last quarter. Finally, Legacy Financial Advisors Inc. purchased a new stake in Qfin during the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 74.81% of the company’s stock.

Qfin Trading Down 5.0%

QFIN opened at $14.53 on Friday. Qfin Holdings Inc. – Sponsored ADR has a one year low of $11.31 and a one year high of $46.18. The stock has a market capitalization of $2.06 billion, a PE ratio of 2.66, a P/E/G ratio of 0.27 and a beta of 0.61. The business’s 50 day moving average price is $13.54 and its 200 day moving average price is $15.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.22 and a current ratio of 2.22.

Qfin (NASDAQ:QFIN) last released its quarterly earnings data on Friday, May 15th. The company reported $1.12 EPS for the quarter. Qfin had a return on equity of 20.85% and a net margin of 27.48%.The firm had revenue of $567.01 million for the quarter. As a group, equities research analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 3.79 EPS for the current year.

Qfin Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 22nd were issued a $0.78 dividend. The ex-dividend date was Wednesday, April 22nd. This represents a yield of 1,176.0%. Qfin’s dividend payout ratio is currently 28.21%.

Insider Buying and Selling

In other news, Director Xiaohuan Chen purchased 190,000 shares of the firm’s stock in a transaction on Friday, March 27th. The shares were bought at an average cost of $12.89 per share, for a total transaction of $2,449,100.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 17.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on QFIN shares. Jefferies Financial Group cut their price objective on Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Bank of America restated a “neutral” rating and issued a $15.33 price target on shares of Qfin in a research report on Wednesday, May 27th. Finally, Weiss Ratings upgraded Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Qfin currently has a consensus rating of “Hold” and a consensus price target of $19.91.

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.