Triata Capital Ltd Has $60.23 Million Position in Qfin Holdings Inc. – Sponsored ADR $QFIN

Triata Capital Ltd increased its holdings in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 188.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,125,331 shares of the company’s stock after buying an additional 2,041,351 shares during the quarter. Qfin comprises 7.3% of Triata Capital Ltd’s portfolio, making the stock its 5th largest holding. Triata Capital Ltd’s holdings in Qfin were worth $60,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Qfin by 741.9% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 579,568 shares of the company’s stock worth $11,165,000 after buying an additional 510,730 shares in the last quarter. Cape Ann Asset Management Ltd bought a new position in Qfin in the 3rd quarter worth approximately $14,698,000. Prudential PLC lifted its position in Qfin by 15.8% in the third quarter. Prudential PLC now owns 820,581 shares of the company’s stock worth $23,616,000 after purchasing an additional 112,087 shares during the period. American Century Companies Inc. lifted its position in Qfin by 20.6% in the third quarter. American Century Companies Inc. now owns 794,274 shares of the company’s stock worth $22,859,000 after purchasing an additional 135,462 shares during the period. Finally, Krane Funds Advisors LLC lifted its position in Qfin by 25.1% in the third quarter. Krane Funds Advisors LLC now owns 6,344,592 shares of the company’s stock worth $182,597,000 after purchasing an additional 1,271,942 shares during the period. 74.81% of the stock is owned by institutional investors.

Insider Activity at Qfin

In related news, Director Xiaohuan Chen acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was bought at an average price of $14.41 per share, for a total transaction of $57,640.00. Following the transaction, the director owned 19,000 shares of the company’s stock, valued at approximately $273,790. The trade was a 26.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 17.10% of the company’s stock.

Analysts Set New Price Targets

QFIN has been the subject of a number of research analyst reports. Weiss Ratings downgraded Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 9th. Bank of America restated a “neutral” rating and issued a $15.33 target price on shares of Qfin in a research report on Wednesday, May 27th. Finally, Jefferies Financial Group cut their target price on Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a research report on Wednesday, March 18th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Qfin currently has a consensus rating of “Reduce” and a consensus price target of $19.91.

Qfin Stock Performance

QFIN opened at $15.07 on Wednesday. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 2.76 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 2.22. Qfin Holdings Inc. – Sponsored ADR has a 1-year low of $11.31 and a 1-year high of $46.18. The business has a 50 day moving average price of $13.83 and a two-hundred day moving average price of $15.54.

Qfin (NASDAQ:QFIN) last released its earnings results on Friday, May 15th. The company reported $1.12 earnings per share for the quarter. Qfin had a return on equity of 20.85% and a net margin of 27.48%.The firm had revenue of $567.01 million during the quarter. Research analysts predict that Qfin Holdings Inc. – Sponsored ADR will post 3.79 EPS 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.