Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Analysts maintain a “Reduce” consensus on Qfin, with four sell ratings, three holds and one buy among eight firms. The average 12-month price target is $12.29, though recent targets range from $9.00 to $15.40.
• QFIN opened at $8.72, near its 12-month low of $8.35 and well below its 12-month high of $32.69. The company reported quarterly earnings of $0.55 per share on $524.96 million in revenue, with a 22.23% net margin.
• Qfin declared a $0.46 per-share dividend, payable October 1 to shareholders of record September 9, while insiders own 17.10% and institutional investors hold 74.81% of the stock.

Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Get Free Report) has been given an average rating of "Reduce" by the eight research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.2883.

A number of research firms recently issued reports on QFIN. Bank of America restated a "neutral" rating and set a $15.33 target price on shares of Qfin in a research report on Wednesday, May 27th. JPMorgan Chase & Co. cut Qfin from a "neutral" rating to an "underweight" rating and reduced their price target for the stock from $13.50 to $9.00 in a report on Wednesday, August 26th. Zacks Research lowered Qfin from a "hold" rating to a "strong sell" rating in a report on Friday, August 28th. Jefferies Financial Group restated a "buy" rating and issued a $15.40 price objective on shares of Qfin in a research report on Wednesday, August 26th. Finally, Morgan Stanley downgraded Qfin from an "overweight" rating to an "equal weight" rating and set a $13.00 target price for the company. in a research note on Wednesday, August 26th.

Qfin Stock Performance

Shares of QFIN opened at $8.72 on Friday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.06 billion, a PE ratio of 2.10 and a beta of 0.57. Qfin has a 12 month low of $8.35 and a 12 month high of $32.69. The stock has a fifty day moving average price of $12.76 and a 200-day moving average price of $13.58.

Qfin (NASDAQ:QFIN - Get Free Report) last announced its earnings results on Friday, August 14th. The company reported $0.55 earnings per share for the quarter. Qfin had a return on equity of 15.23% and a net margin of 22.23%.The firm had revenue of $524.96 million for the quarter. Equities research analysts predict that Qfin will post 2.85 earnings per share for the current fiscal year.

Qfin Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 1st. Investors of record on Wednesday, September 9th will be issued a $0.46 dividend. This represents a yield of 1,032.0%. The ex-dividend date of this dividend is Wednesday, September 9th. Qfin's payout ratio is presently 37.02%.

Insiders Place Their Bets

In related news, Director Xiaohuan Chen acquired 4,000 shares of Qfin stock in a transaction on Tuesday, June 9th. The stock was bought at an average cost of $14.41 per share, for a total transaction of $57,640.00. Following the completion of 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 17.10% of the company's stock.

Institutional Trading of Qfin

A number of institutional investors and hedge funds have recently modified their holdings of QFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Qfin in the 1st quarter valued at about $29,000. SBI Securities Co. Ltd. increased its stake in Qfin by 6,796.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,931 shares of the company's stock worth $37,000 after buying an additional 1,903 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Qfin by 415.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,636 shares of the company's stock worth $51,000 after buying an additional 2,125 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Qfin by 24.1% during the fourth quarter. Parallel Advisors LLC now owns 3,373 shares of the company's stock valued at $65,000 after acquiring an additional 656 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Qfin by 23.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,358 shares of the company's stock valued at $103,000 after acquiring an additional 1,016 shares during the last quarter. Hedge funds and other institutional investors own 74.81% of the company's stock.

Qfin Company 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.

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