6,039,427 Shares in Qfin Holdings Inc. - Sponsored ADR $QFIN Acquired by FountainVest China Capital Partners GP3 Ltd.

Key Points

• FountainVest China Capital Partners acquired 6,039,427 QFIN shares, representing about 4.96% of the company and 7.6% of the fund’s portfolio, making it the fund’s second-largest holding.
• QFIN reported quarterly EPS of $1.12 on $567.01 million in revenue, with a 27.48% net margin and 20.85% return on equity. Analysts expect full-year EPS of approximately $3.74.
• The stock opened at $11.57, near its 52-week low of $11.25, while analysts maintain an overall “Hold” rating with an average price target of $16.31.

FountainVest China Capital Partners GP3 Ltd. bought a new stake in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,039,427 shares of the company's stock, valued at approximately $95,483,341,000. Qfin accounts for about 7.6% of FountainVest China Capital Partners GP3 Ltd.'s investment portfolio, making the stock its 2nd biggest holding. FountainVest China Capital Partners GP3 Ltd. owned about 4.96% of Qfin as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Triata Capital Ltd raised its stake in Qfin by 188.3% during the fourth quarter. Triata Capital Ltd now owns 3,125,331 shares of the company's stock worth $60,225,000 after purchasing an additional 2,041,351 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Qfin by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,988,999 shares of the company's stock valued at $38,350,000 after buying an additional 176,754 shares during the period. Bank of America Corp DE grew its stake in shares of Qfin by 48.5% during the 1st quarter. Bank of America Corp DE now owns 1,987,457 shares of the company's stock valued at $25,658,000 after buying an additional 649,492 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Qfin by 198.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,842,278 shares of the company's stock worth $35,501,000 after buying an additional 1,224,164 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Qfin during the 4th quarter worth $30,436,000. Institutional investors and hedge funds own 74.81% of the company's stock.

Qfin Price Performance

Qfin stock opened at $11.57 on Friday. Qfin Holdings Inc. - Sponsored ADR has a 52-week low of $11.25 and a 52-week high of $32.69. The firm has a fifty day moving average of $13.81 and a 200-day moving average of $13.99. The firm has a market capitalization of $1.41 billion, a P/E ratio of 2.12 and a beta of 0.63. 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 - Get Free Report) last posted its earnings results on Friday, May 15th. The company reported $1.12 earnings per share for the quarter. Qfin had a net margin of 27.48% and a return on equity of 20.85%. The business had revenue of $567.01 million for the quarter. As a group, analysts predict that Qfin Holdings Inc. - Sponsored ADR will post 3.74 EPS for the current year.

Insider Transactions at Qfin

In related news, Director Xiaohuan Chen acquired 4,000 shares of the business's stock in a transaction on Tuesday, June 9th. The shares were bought at an average cost of $14.41 per share, with a total value of $57,640.00. Following the completion of the transaction, the director directly owned 19,000 shares of the company's stock, valued at $273,790. This trade represents a 26.67% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 17.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QFIN. Bank of America reiterated a "neutral" rating and issued a $15.33 target price on shares of Qfin in a report on Wednesday, May 27th. Weiss Ratings lowered Qfin from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, July 13th. JPMorgan Chase & Co. cut their price objective on Qfin from $14.50 to $13.50 and set a "neutral" rating on the stock in a report on Tuesday, August 11th. Zacks Research upgraded Qfin from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft set a $13.00 price objective on Qfin in a research note on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Qfin presently has an average rating of "Hold" and an average price target of $16.31.

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.

Want to see what other hedge funds are holding QFIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report).

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