Brokerages Set Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) PT at $19.91

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) has earned an average recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $19.91.

A number of research firms recently commented on QFIN. Zacks Research upgraded Qfin from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings lowered Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $15.33 price objective on shares of Qfin in a research report on Wednesday, May 27th.

Qfin Price Performance

NASDAQ:QFIN opened at $13.18 on Thursday. The stock has a market capitalization of $1.60 billion, a PE ratio of 2.41 and a beta of 0.57. Qfin has a 1-year low of $11.31 and a 1-year high of $40.81. The firm has a fifty day simple moving average of $14.37 and a 200 day simple moving average of $14.63. 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 posted its quarterly earnings results on Friday, May 15th. The company reported $1.12 earnings per share (EPS) for the quarter. Qfin had a net margin of 27.48% and a return on equity of 20.85%. The firm had revenue of $567.01 million for the quarter. On average, research analysts expect that Qfin will post 3.85 EPS for the current fiscal year.

Insider Transactions at Qfin

In other Qfin news, Director Xiaohuan Chen purchased 4,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was acquired at an average price of $14.41 per share, with a total value of $57,640.00. Following the acquisition, the director directly owned 19,000 shares of the company’s stock, valued at $273,790. This trade represents a 26.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 17.10% of the stock is owned by corporate insiders.

Institutional Trading of Qfin

A number of hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Qfin in the 1st quarter valued at about $29,000. SBI Securities Co. Ltd. grew its position in shares of Qfin by 6,796.4% in the fourth 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 during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Qfin by 415.9% in the fourth 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 during the last quarter. Parallel Advisors LLC increased its stake in shares of Qfin by 24.1% during 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. Finally, PNC Financial Services Group Inc. increased its stake in shares of Qfin by 23.4% during the fourth 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.

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.