Xiaohuan Chen Purchases 4,000 Shares of Qfin (NASDAQ:QFIN) Stock

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Director Xiaohuan Chen purchased 4,000 shares of the firm’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 completion of the purchase, the director directly owned 19,000 shares in the company, valued at approximately $273,790. This trade represents a 26.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Xiaohuan Chen also recently made the following trade(s):

• On Friday, March 27th, Xiaohuan Chen acquired 190,000 shares of Qfin stock. The shares were bought at an average cost of $12.89 per share, with a total value of $2,449,100.00.

Qfin Stock Down 0.2%

Shares of Qfin stock opened at $14.24 on Wednesday. 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 Holdings Inc. – Sponsored ADR has a 52-week low of $11.31 and a 52-week high of $46.18. The company’s 50 day moving average price is $13.59 and its 200-day moving average price is $15.66. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 2.61, a P/E/G ratio of 0.27 and a beta of 0.61.

Qfin (NASDAQ:QFIN) last posted its quarterly earnings results on Friday, May 15th. The company reported $1.12 EPS for the quarter. The company 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 research analysts forecast that Qfin Holdings Inc. – Sponsored ADR will post 3.79 EPS for the current year.

Qfin Announces Dividend

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

Analyst Ratings Changes

QFIN has been the topic of a number of research analyst reports. Bank of America restated a “neutral” rating and set a $15.33 price target on shares of Qfin in a report on Wednesday, May 27th. Jefferies Financial Group dropped their price objective on Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a report on Wednesday, March 18th. Finally, Weiss Ratings raised Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Qfin currently has an average rating of “Hold” and an average target price of $19.91.

Institutional Trading of Qfin

Large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Qfin in the 1st quarter worth approximately $29,000. Parallel Advisors LLC grew its stake in Qfin by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 3,373 shares of the company’s stock worth $65,000 after purchasing an additional 656 shares during the period. Daiwa Securities Group Inc. raised its holdings in Qfin by 14.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the company’s stock worth $108,000 after purchasing an additional 700 shares in the last quarter. DGS Capital Management LLC raised its holdings in Qfin by 8.8% in the first quarter. DGS Capital Management LLC now owns 10,906 shares of the company’s stock worth $141,000 after purchasing an additional 878 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ lifted its position in Qfin by 5.4% during the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 19,600 shares of the company’s stock valued at $378,000 after buying an additional 1,000 shares during the period. 74.81% of the stock is owned by institutional investors.

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.