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

Shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) have been assigned a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $16.3075.

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft set a $13.00 price objective on Qfin in a report on Wednesday. Weiss Ratings cut Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Bank of America reiterated a “neutral” rating and set a $15.33 target price on shares of Qfin in a research report on Wednesday, May 27th. JPMorgan Chase & Co. reduced their price target on Qfin from $14.50 to $13.50 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Zacks Research upgraded shares of Qfin from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th.

Qfin Price Performance

Qfin stock opened at $12.27 on Monday. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 2.25 and a beta of 0.63. 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 has a 12 month low of $11.31 and a 12 month high of $32.69. The stock’s 50 day moving average is $14.11 and its 200-day moving average is $14.14.

Qfin (NASDAQ:QFIN) last released its quarterly earnings results on Friday, May 15th. The company reported $1.12 earnings per share for the quarter. Qfin had a return on equity of 20.85% and a net margin of 27.48%.The business had revenue of $567.01 million during the quarter. Equities research analysts expect that Qfin will post 3.74 EPS for the current year.

Insider Transactions at Qfin

In related news, Director Xiaohuan Chen bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of $14.41 per share, with a total value of $57,640.00. Following the completion of the purchase, the director directly owned 19,000 shares in the company, valued at $273,790. The trade was a 26.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 17.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Qfin

A number of institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Qfin in the first quarter valued at approximately $29,000. SBI Securities Co. Ltd. lifted its stake in 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 stake in shares of Qfin by 415.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,636 shares of the company’s stock worth $51,000 after acquiring an additional 2,125 shares during the period. Parallel Advisors LLC boosted its position in 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. grew its stake in Qfin by 23.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,358 shares of the company’s stock valued at $103,000 after buying an additional 1,016 shares in the last quarter. 74.81% of the stock is owned by institutional investors and hedge funds.

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.