Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Receives Consensus Recommendation of “Hold” from Analysts

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) has earned a consensus rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $19.91.

Several research firms have commented on QFIN. Bank of America reiterated a “neutral” rating and issued a $15.33 price objective on shares of Qfin in a research note on Wednesday, May 27th. Jefferies Financial Group reduced their target price on Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a report on Wednesday, March 18th. Finally, Weiss Ratings raised Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday.

Insider Activity

In other Qfin news, Director Xiaohuan Chen bought 4,000 shares of Qfin stock in a transaction dated Tuesday, June 9th. The stock was bought at an average cost of $14.41 per share, with a total value of $57,640.00. Following the completion of the acquisition, the director directly owned 19,000 shares in the company, valued at approximately $273,790. The trade was a 26.67% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 17.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Qfin

Institutional investors have recently modified their holdings of the business. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Qfin by 741.9% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 579,568 shares of the company’s stock valued at $11,165,000 after acquiring an additional 510,730 shares in the last quarter. Cape Ann Asset Management Ltd bought a new position in shares of Qfin in the third quarter valued at approximately $14,698,000. Prudential PLC grew its holdings in shares of Qfin by 15.8% in the third quarter. Prudential PLC now owns 820,581 shares of the company’s stock valued at $23,616,000 after acquiring an additional 112,087 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Qfin by 20.6% in the third quarter. American Century Companies Inc. now owns 794,274 shares of the company’s stock valued at $22,859,000 after acquiring an additional 135,462 shares in the last quarter. Finally, Krane Funds Advisors LLC grew its holdings in shares of Qfin by 25.1% in the third quarter. Krane Funds Advisors LLC now owns 6,344,592 shares of the company’s stock valued at $182,597,000 after acquiring an additional 1,271,942 shares in the last quarter. 74.81% of the stock is owned by institutional investors.

Qfin Stock Performance

Shares of Qfin stock opened at $15.81 on Friday. The company has a market cap of $1.92 billion, a PE ratio of 2.90 and a beta of 0.61. Qfin has a 52 week low of $11.31 and a 52 week high of $45.05. The business has a 50 day moving average price of $14.09 and a 200-day moving average price of $15.33. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.03.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings data on Friday, May 15th. The company reported $1.12 EPS for the quarter. The firm had revenue of $567.01 million during the quarter. Qfin had a return on equity of 20.85% and a net margin of 27.48%. Equities analysts anticipate that Qfin will post 3.79 earnings per share for the current fiscal year.

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.