FountainVest China Capital Partners GP3 Ltd. Makes New $95.48 Billion Investment in Qfin Holdings Inc. – Sponsored ADR $QFIN

FountainVest China Capital Partners GP3 Ltd. acquired a new stake in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,039,427 shares of the company’s stock, valued at approximately $95,483,341,000. Qfin makes up approximately 7.6% of FountainVest China Capital Partners GP3 Ltd.’s portfolio, making the stock its 2nd biggest position.

Other hedge funds also recently made changes to their positions in the company. APEIRON CAPITAL Ltd grew its holdings in Qfin by 29.5% during the 4th quarter. APEIRON CAPITAL Ltd now owns 1,027,455 shares of the company’s stock valued at $19,799,000 after purchasing an additional 234,000 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd increased its stake in Qfin by 67.0% during the 4th quarter. BRIGHT VALLEY CAPITAL Ltd now owns 225,500 shares of the company’s stock worth $4,345,000 after buying an additional 90,500 shares during the period. Renaissance Technologies LLC acquired a new position in Qfin in the 1st quarter worth $5,032,000. Bank of America Corp DE lifted its holdings in Qfin by 48.5% in the 1st quarter. Bank of America Corp DE now owns 1,987,457 shares of the company’s stock worth $25,658,000 after buying an additional 649,492 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in Qfin by 13.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 638,080 shares of the company’s stock worth $12,296,000 after buying an additional 76,906 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qfin Trading Up 1.0%

QFIN opened at $11.57 on Friday. Qfin Holdings Inc. – Sponsored ADR has a 12-month low of $11.25 and a 12-month high of $32.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 2.22. The stock has a market capitalization of $1.41 billion, a PE ratio of 2.12 and a beta of 0.63. The firm’s fifty day moving average price is $13.81 and its 200 day moving average price is $13.99.

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

Insider Activity at Qfin

In other news, Director Xiaohuan Chen purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was acquired at an average cost of $14.41 per share, for a total transaction of $57,640.00. Following the completion of the purchase, the director owned 19,000 shares of the company’s stock, valued at approximately $273,790. This trade represents a 26.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.10% of the company’s stock.

Analyst Ratings Changes

QFIN has been the subject of several recent analyst reports. Weiss Ratings downgraded Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. cut their price target on Qfin from $14.50 to $13.50 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft set a $13.00 price target on Qfin in a report on Wednesday, August 12th. Zacks Research upgraded Qfin from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Bank of America restated a “neutral” rating and set a $15.33 price objective on shares of Qfin in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.31.

Qfin 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.