Insider Buying: Qfin (NASDAQ:QFIN) Director Buys $57,640.00 in Stock

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Director Xiaohuan Chen bought 4,000 shares of the stock in a transaction on Tuesday, June 9th. The stock was purchased at an average price of $14.41 per share, for a total transaction of $57,640.00. Following the completion of the purchase, the director directly owned 19,000 shares in the company, valued at approximately $273,790. This represents a 26.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Xiaohuan Chen also recently made the following trade(s):

• On Friday, March 27th, Xiaohuan Chen acquired 190,000 shares of Qfin stock. The shares were bought at an average price of $12.89 per share, for a total transaction of $2,449,100.00.

Qfin Stock Performance

Qfin stock opened at $15.40 on Friday. The firm’s fifty day moving average price is $13.73 and its 200-day moving average price is $15.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market cap of $1.87 billion, a P/E ratio of 2.82, a price-to-earnings-growth ratio of 0.28 and a beta of 0.61. Qfin Holdings Inc. – Sponsored ADR has a fifty-two week low of $11.31 and a fifty-two week high of $46.18.

Qfin (NASDAQ:QFIN) last posted its quarterly earnings data on Friday, May 15th. The company reported $1.12 earnings per share for the quarter. The firm had revenue of $567.01 million for the quarter. Qfin had a net margin of 27.48% and a return on equity of 20.85%. On average, equities research analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 3.79 earnings per share for the current fiscal year.

Qfin Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 22nd were given a dividend of $0.78 per share. The ex-dividend date was Wednesday, April 22nd. This represents a dividend yield of 1,176.0%. Qfin’s dividend payout ratio (DPR) is 28.21%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings cut shares of Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Bank of America restated a “neutral” rating and set a $15.33 price objective on shares of Qfin in a research report on Wednesday, May 27th. Finally, Jefferies Financial Group lowered their price objective on shares of Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Qfin currently has an average rating of “Reduce” and an average target price of $19.91.

Hedge Funds Weigh In On Qfin

A number of large investors have recently added to or reduced their stakes in QFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Qfin in the 1st quarter worth $29,000. SBI Securities Co. Ltd. raised its position in Qfin by 6,796.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,931 shares of the company’s stock worth $37,000 after purchasing an additional 1,903 shares during the period. Caitong International Asset Management Co. Ltd raised its position in Qfin by 415.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,636 shares of the company’s stock worth $51,000 after purchasing an additional 2,125 shares during the period. Parallel Advisors LLC raised its position in Qfin by 24.1% in the 4th 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. raised its position in Qfin by 23.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,358 shares of the company’s stock worth $103,000 after purchasing an additional 1,016 shares during the period. Hedge funds and other institutional investors own 74.81% of the company’s stock.

About Qfin

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.