FountainVest China Capital Partners GP3 Ltd. Makes New $95.48 Million Investment in Qfin Holdings Inc. - Sponsored ADR $QFIN

FountainVest China Capital Partners GP3 Ltd. bought a new stake in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,039,427 shares of the company's stock, valued at approximately $95,483,341. Qfin comprises 0.0% of FountainVest China Capital Partners GP3 Ltd.'s investment portfolio, making the stock its 2nd largest position. FountainVest China Capital Partners GP3 Ltd. owned 4.96% of Qfin at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Qfin in the first quarter worth $29,000. SBI Securities Co. Ltd. boosted its holdings in shares of Qfin by 6,796.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,931 shares of the company's stock valued at $37,000 after acquiring an additional 1,903 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of 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 during the period. Parallel Advisors LLC grew its stake in Qfin by 24.1% in the 4th quarter. Parallel Advisors LLC now owns 3,373 shares of the company's stock valued at $65,000 after purchasing an additional 656 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in 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 buying an additional 1,016 shares during the period. Institutional investors own 74.81% of the company's stock.

Insider Activity

In other news, Director Xiaohuan Chen purchased 4,000 shares of Qfin stock in a transaction that occurred on Tuesday, June 9th. The stock was acquired 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 in the company, valued at $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 SEC, which is available at this link. Insiders own 17.10% of the company's stock.

Qfin Trading Down 4.4%

NASDAQ QFIN traded down $0.40 on Friday, hitting $8.77. The company's stock had a trading volume of 2,563,159 shares, compared to its average volume of 1,632,241. Qfin Holdings Inc. - Sponsored ADR has a 52-week low of $8.72 and a 52-week high of $32.69. The company's 50-day simple moving average is $13.41 and its 200 day simple moving average is $13.84. The company has a current ratio of 2.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.07 billion, a P/E ratio of 2.11 and a beta of 0.63.

Qfin (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.55 earnings per share (EPS) for the quarter. The company had revenue of $524.96 million for the quarter. Qfin had a return on equity of 15.23% and a net margin of 22.23%. Research analysts predict that Qfin Holdings Inc. - Sponsored ADR will post 3.74 EPS for the current fiscal year.

Qfin Cuts Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on QFIN shares. Zacks Research upgraded shares of Qfin from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Citigroup lowered Qfin from a "buy" rating to a "sell" rating and set a $8.00 price target on the stock. in a research report on Wednesday. Morgan Stanley lowered shares of Qfin from an "overweight" rating to an "equal weight" rating and set a $13.00 price target for the company. in a report on Wednesday. Weiss Ratings cut Qfin from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. downgraded Qfin from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $13.50 to $9.00 in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $12.29.

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.