Dorsey Wright & Associates Has $2.42 Million Position in Qfin Holdings Inc. – Sponsored ADR $QFIN

Dorsey Wright & Associates lowered its holdings in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 38.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,818 shares of the company’s stock after selling 35,317 shares during the period. Dorsey Wright & Associates’ holdings in Qfin were worth $2,420,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in QFIN. SVB Wealth LLC acquired a new stake in shares of Qfin during the 1st quarter valued at about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Qfin during the first quarter worth about $29,000. Hantz Financial Services Inc. boosted its holdings in Qfin by 472.9% during the second quarter. Hantz Financial Services Inc. now owns 739 shares of the company’s stock valued at $32,000 after purchasing an additional 610 shares in the last quarter. Hoey Investments Inc. acquired a new stake in Qfin during the second quarter valued at approximately $33,000. Finally, iA Global Asset Management Inc. grew its stake in shares of Qfin by 250.2% in the 2nd 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 during the period. Institutional investors and hedge funds own 74.81% of the company’s stock.

Qfin Stock Up 0.9%

NASDAQ QFIN opened at $22.42 on Wednesday. The stock’s 50 day simple moving average is $26.50 and its 200 day simple moving average is $34.47. Qfin Holdings Inc. – Sponsored ADR has a one year low of $20.45 and a one year high of $48.94. The firm has a market cap of $3.18 billion, a PE ratio of 3.17, a price-to-earnings-growth ratio of 0.23 and a beta of 0.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.48 and a quick ratio of 3.48.

Qfin (NASDAQ:QFIN) last posted its quarterly earnings data on Tuesday, November 18th. The company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.16). The business had revenue of $731.04 million during the quarter, compared to analyst estimates of $693.21 million. Qfin had a return on equity of 30.74% and a net margin of 38.66%. As a group, sell-side analysts forecast that Qfin Holdings Inc. – Sponsored ADR will post 5.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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