Qfin (NASDAQ:QFIN) Reaches New 12-Month Low – Should You Sell?

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $16.49 and last traded at $16.55, with a volume of 1385526 shares trading hands. The stock had previously closed at $16.76.

Analysts Set New Price Targets

QFIN has been the subject of several recent analyst reports. Zacks Research lowered shares of Qfin from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 17th. JPMorgan Chase & Co. downgraded Qfin from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $45.00 to $21.00 in a research note on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qfin in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $36.85.

Qfin Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.94 and a current ratio of 2.94. The company’s fifty day moving average price is $18.97 and its 200 day moving average price is $26.64. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 2.45, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its position in Qfin by 59.2% in the fourth quarter. Signaturefd LLC now owns 6,982 shares of the company’s stock worth $135,000 after buying an additional 2,597 shares during the period. SG Americas Securities LLC grew its position in shares of Qfin by 602.1% during the fourth quarter. SG Americas Securities LLC now owns 122,186 shares of the company’s stock worth $2,355,000 after acquiring an additional 104,783 shares during the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of Qfin by 30.7% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 10,410 shares of the company’s stock worth $300,000 after acquiring an additional 2,448 shares during the period. Yunqi Capital Ltd lifted its position in Qfin by 4.6% in the 3rd quarter. Yunqi Capital Ltd now owns 1,071,630 shares of the company’s stock valued at $30,842,000 after purchasing an additional 47,000 shares during the last quarter. Finally, Maven Securities LTD boosted its stake in Qfin by 477.2% during the 3rd quarter. Maven Securities LTD now owns 62,912 shares of the company’s stock valued at $1,811,000 after purchasing an additional 52,012 shares during the period. 74.81% of the stock is currently 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.