Qfin Holdings Inc. – Sponsored ADR $QFIN Shares Acquired by BRIGHT VALLEY CAPITAL Ltd

BRIGHT VALLEY CAPITAL Ltd boosted its holdings in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 67.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 225,500 shares of the company’s stock after purchasing an additional 90,500 shares during the period. Qfin comprises approximately 1.6% of BRIGHT VALLEY CAPITAL Ltd’s investment portfolio, making the stock its 10th biggest position. BRIGHT VALLEY CAPITAL Ltd’s holdings in Qfin were worth $4,345,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Krane Funds Advisors LLC increased its stake in shares of Qfin by 25.1% in the 3rd quarter. Krane Funds Advisors LLC now owns 6,344,592 shares of the company’s stock valued at $182,597,000 after purchasing an additional 1,271,942 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Qfin by 198.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,842,278 shares of the company’s stock valued at $35,501,000 after buying an additional 1,224,164 shares in the last quarter. Norges Bank acquired a new stake in Qfin in the fourth quarter valued at about $30,436,000. Geode Capital Management LLC grew its position in Qfin by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 1,260,258 shares of the company’s stock valued at $24,172,000 after acquiring an additional 62,640 shares during the last quarter. Finally, Yunqi Capital Ltd grew its position in Qfin by 4.6% in the third quarter. Yunqi Capital Ltd now owns 1,071,630 shares of the company’s stock valued at $30,842,000 after acquiring an additional 47,000 shares during the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Bank of America reissued a “neutral” rating and issued a $15.33 target price on shares of Qfin in a report on Wednesday, May 27th. Jefferies Financial Group decreased their price target on shares of Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Finally, Weiss Ratings downgraded shares of Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Qfin presently has a consensus rating of “Reduce” and an average target price of $19.91.

Qfin Price Performance

Qfin stock opened at $15.00 on Friday. The stock has a 50-day moving average price of $13.68 and a two-hundred day moving average price of $15.61. Qfin Holdings Inc. – Sponsored ADR has a 12 month low of $11.31 and a 12 month high of $46.18. The company has a market capitalization of $1.83 billion, a PE ratio of 2.75, a P/E/G ratio of 0.28 and a beta of 0.61. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.03.

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

Qfin Announces Dividend

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

Insider Activity

In related news, Director Xiaohuan Chen acquired 190,000 shares of the stock in a transaction dated Friday, March 27th. The stock was bought at an average price of $12.89 per share, for a total transaction of $2,449,100.00. Following the purchase, the director directly owned 190,000 shares of the company’s stock, valued at $2,449,100. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 17.10% of the company’s stock.

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.