GF Fund Management CO. LTD. Has $3.06 Million Stake in Qfin Holdings Inc. – Sponsored ADR $QFIN

GF Fund Management CO. LTD. trimmed its position in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 28.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 106,394 shares of the company’s stock after selling 43,168 shares during the period. GF Fund Management CO. LTD.’s holdings in Qfin were worth $3,062,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Qfin during the first quarter valued at $29,000. Hantz Financial Services Inc. grew its stake in Qfin by 472.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 739 shares of the company’s stock valued at $32,000 after acquiring an additional 610 shares in the last quarter. iA Global Asset Management Inc. increased its holdings in shares of Qfin by 250.2% in the 2nd quarter. iA Global Asset Management Inc. now owns 823 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the period. First Horizon Advisors Inc. acquired a new position in shares of Qfin in the 2nd quarter valued at about $60,000. Finally, Rexford Capital Inc. purchased a new stake in shares of Qfin in the second quarter worth approximately $78,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qfin Stock Performance

Shares of QFIN opened at $15.55 on Friday. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 2.27, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52. The company’s fifty day moving average is $17.71 and its 200-day moving average is $23.76. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.20. Qfin Holdings Inc. – Sponsored ADR has a 12 month low of $14.79 and a 12 month high of $48.94.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.16). The business had revenue of $731.04 million during the quarter, compared to the consensus estimate of $693.21 million. Qfin had a return on equity of 28.73% and a net margin of 35.09%. Equities analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 5.71 EPS for the current fiscal year.

Analysts Set New Price Targets

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

About Qfin

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.