Banque Cantonale Vaudoise Has $2.89 Million Stock Position in Qfin Holdings Inc. – Sponsored ADR $QFIN

Banque Cantonale Vaudoise grew its stake in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 200.0% in the fourth quarter, HoldingsChannel reports. The fund owned 150,000 shares of the company’s stock after acquiring an additional 100,000 shares during the period. Banque Cantonale Vaudoise’s holdings in Qfin were worth $2,891,000 at the end of the most recent reporting period.

Other institutional investors also 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 worth about $29,000. SBI Securities Co. Ltd. raised its stake 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 worth $37,000 after acquiring an additional 1,903 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Qfin by 23.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,358 shares of the company’s stock worth $103,000 after acquiring an additional 1,016 shares during the last quarter. Signaturefd LLC raised its stake in shares of Qfin by 59.2% during 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 last quarter. Finally, Legacy Financial Advisors Inc. bought a new stake in shares of Qfin during the third quarter worth approximately $201,000. 74.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Xiaohuan Chen bought 190,000 shares of the stock in a transaction on Friday, March 27th. The stock was purchased at an average price of $12.89 per share, with a total value of $2,449,100.00. Following the completion of the purchase, the director owned 190,000 shares of the company’s stock, valued at approximately $2,449,100. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 17.10% of the company’s stock.

Qfin Trading Down 1.5%

QFIN opened at $12.56 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 2.43. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 2.04, a price-to-earnings-growth ratio of 0.24 and a beta of 0.54. The firm has a 50 day simple moving average of $13.34 and a 200 day simple moving average of $16.46. Qfin Holdings Inc. – Sponsored ADR has a fifty-two week low of $12.29 and a fifty-two week high of $46.18.

Qfin (NASDAQ:QFIN) last issued its earnings results on Saturday, February 14th. The company reported $0.59 EPS for the quarter. Qfin had a net margin of 31.13% and a return on equity of 24.97%. The firm had revenue of $584.98 million during the quarter. On average, sell-side analysts anticipate that Qfin Holdings Inc. – Sponsored ADR will post 3.82 earnings per share for the current year.

Qfin Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 22nd were paid a $0.78 dividend. This represents a yield of 1,176.0%. The ex-dividend date of this dividend was Wednesday, April 22nd. Qfin’s dividend payout ratio is presently 25.00%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on QFIN shares. Weiss Ratings downgraded shares of Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. Jefferies Financial Group dropped their price target on shares of Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $22.20.

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.