Profund Advisors LLC Sells 2,314 Shares of Qfin Holdings Inc. – Sponsored ADR $QFIN

Profund Advisors LLC trimmed its stake in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 12.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,088 shares of the company’s stock after selling 2,314 shares during the quarter. Profund Advisors LLC’s holdings in Qfin were worth $698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SVB Wealth LLC bought a new stake in Qfin in the 1st quarter valued at $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Qfin in the first quarter valued at approximately $29,000. Hantz Financial Services Inc. lifted its position in shares of Qfin by 472.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 739 shares of the company’s stock valued at $32,000 after acquiring an additional 610 shares during the period. Hoey Investments Inc. bought a new position in shares of Qfin in the second quarter worth $33,000. Finally, iA Global Asset Management Inc. raised its stake in Qfin by 250.2% in the second quarter. iA Global Asset Management Inc. now owns 823 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares in the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

Qfin Stock Performance

Qfin stock opened at $23.24 on Thursday. The firm has a market capitalization of $3.30 billion, a PE ratio of 3.28, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39. Qfin Holdings Inc. – Sponsored ADR has a 1-year low of $20.45 and a 1-year high of $48.94. The firm’s 50 day simple moving average is $26.98 and its 200 day simple moving average is $35.03. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.20.

Qfin (NASDAQ:QFIN) last announced its earnings results on Thursday, August 14th. The company reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.01). The company had revenue of $728.00 million during the quarter, compared to analysts’ expectations of $4.68 billion. Qfin had a return on equity of 30.74% and a net margin of 38.66%. As a group, analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 5.71 earnings per share for the current fiscal year.

Qfin Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 8th were paid a $0.76 dividend. The ex-dividend date of this dividend was Monday, September 8th. This is a positive change from Qfin’s previous semi-annual dividend of $0.70. This represents a yield of 541.0%. Qfin’s payout ratio is 21.19%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on QFIN. Weiss Ratings lowered Qfin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Zacks Research downgraded Qfin from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Finally, Wall Street Zen cut shares of Qfin from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $51.73.

Qfin Profile

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.