APEIRON CAPITAL Ltd Raises Position in Qfin Holdings Inc. - Sponsored ADR $QFIN

Key Points

• APEIRON CAPITAL Ltd increased its stake in Qfin Holdings Inc. by 27.1%, making it the fund's second-largest position, with a total of 538,055 shares valued at approximately $23.7 million.
• Qfin Holdings recently reported a quarterly EPS of $1.78, slightly below analysts' expectations, with total revenue of $728 million compared to projected estimates of $4.68 billion.
• The company declared a semi-annual dividend of $0.76, marking an increase from its previous $0.70 dividend, representing a notable yield of 541.0%.

APEIRON CAPITAL Ltd grew its holdings in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 27.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 538,055 shares of the company's stock after purchasing an additional 114,630 shares during the period. Qfin makes up about 40.8% of APEIRON CAPITAL Ltd's portfolio, making the stock its 2nd biggest position. APEIRON CAPITAL Ltd owned about 0.34% of Qfin worth $23,718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of QFIN. HB Wealth Management LLC grew its position in Qfin by 7.2% during the 1st quarter. HB Wealth Management LLC now owns 6,431 shares of the company's stock worth $289,000 after acquiring an additional 431 shares during the last quarter. US Bancorp DE increased its holdings in Qfin by 4.1% in the 2nd quarter. US Bancorp DE now owns 15,508 shares of the company's stock worth $672,000 after purchasing an additional 604 shares in the last quarter. SVB Wealth LLC acquired a new position in Qfin in the 1st quarter worth about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Qfin in the 1st quarter worth about $29,000. Finally, Hoey Investments Inc. acquired a new position in Qfin in the 2nd quarter worth about $33,000. Institutional investors own 74.81% of the company's stock.

Qfin Stock Down 3.2%

Shares of NASDAQ:QFIN opened at $27.00 on Friday. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 3.81, a P/E/G ratio of 0.28 and a beta of 0.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.48 and a quick ratio of 3.48. The business's 50-day moving average is $30.28 and its 200-day moving average is $37.48. Qfin Holdings Inc. - Sponsored ADR has a 1 year low of $26.77 and a 1 year high of $48.94.

Qfin (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $1.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). The business had revenue of $728.00 million during the quarter, compared to analyst estimates of $4.68 billion. Qfin had a net margin of 38.66% and a return on equity of 30.74%. Equities research analysts predict that Qfin Holdings Inc. - Sponsored ADR will post 5.71 earnings per share for the current year.

Qfin Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 8th were paid a $0.76 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a dividend yield of 541.0%. This is a positive change from Qfin's previous semi-annual dividend of $0.70. Qfin's dividend payout ratio (DPR) is presently 21.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on QFIN shares. JPMorgan Chase & Co. started coverage on Qfin in a report on Wednesday, July 2nd. They issued an "overweight" rating and a $65.00 target price for the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Qfin in a report on Wednesday. Finally, Wall Street Zen cut Qfin from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $51.73.

About Qfin

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.

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