Qfin Holdings Inc. – Sponsored ADR $QFIN Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its position in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 15.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 342,491 shares of the company’s stock after buying an additional 46,667 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Qfin were worth $4,422,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of QFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Qfin during the 1st quarter worth about $29,000. SBI Securities Co. Ltd. increased its stake in shares of Qfin by 6,796.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,931 shares of the company’s stock valued at $37,000 after purchasing an additional 1,903 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Qfin by 415.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,636 shares of the company’s stock valued at $51,000 after purchasing an additional 2,125 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Qfin by 24.1% in the 4th quarter. Parallel Advisors LLC now owns 3,373 shares of the company’s stock valued at $65,000 after purchasing an additional 656 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Qfin by 23.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,358 shares of the company’s stock worth $103,000 after purchasing an additional 1,016 shares during the period. Institutional investors and hedge funds own 74.81% of the company’s stock.

Qfin Price Performance

Shares of NASDAQ QFIN opened at $15.46 on Monday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 2.83 and a beta of 0.57. The company’s 50-day simple moving average is $14.28 and its 200-day simple moving average is $15.17. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.03. Qfin Holdings Inc. – Sponsored ADR has a 52-week low of $11.31 and a 52-week high of $45.05.

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

Insider Buying and Selling

In other news, Director Xiaohuan Chen acquired 4,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was bought at an average cost of $14.41 per share, for a total transaction of $57,640.00. Following the purchase, the director owned 19,000 shares in the company, valued at approximately $273,790. This represents a 26.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

QFIN has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. 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 report on Wednesday, March 18th. Finally, Bank of America reaffirmed a “neutral” rating and set a $15.33 target price on shares of Qfin in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.