Deutsche Bank AG Grows Stock Holdings in Qfin Holdings Inc. - Sponsored ADR $QFIN

Key Points

• Deutsche Bank AG increased its holdings in Qfin Holdings by 4.2%, purchasing an additional 12,715 shares, bringing its total to approximately 314,460 shares valued at $14,122,000.
• Qfin Holdings had a net margin of 38.66% and reported earnings of $1.78 per share, slightly missing the consensus estimate of $1.79.
• Institutional investors hold 74.81% of Qfin's shares, highlighting significant interest from large financial entities in the company.

Deutsche Bank AG increased its stake in shares of Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,460 shares of the company's stock after acquiring an additional 12,715 shares during the quarter. Deutsche Bank AG owned about 0.20% of Qfin worth $14,122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Qfin by 6.1% during the 1st quarter. Bank of New York Mellon Corp now owns 125,955 shares of the company's stock worth $5,657,000 after acquiring an additional 7,197 shares in the last quarter. Yousif Capital Management LLC acquired a new position in Qfin in the first quarter valued at $209,000. Oppenheimer & Co. Inc. acquired a new position in Qfin in the first quarter valued at $208,000. Principal Financial Group Inc. increased its stake in Qfin by 52.9% in the first quarter. Principal Financial Group Inc. now owns 61,384 shares of the company's stock valued at $2,757,000 after purchasing an additional 21,250 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its stake in Qfin by 583.8% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 484,322 shares of the company's stock valued at $21,751,000 after purchasing an additional 413,493 shares during the period. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on QFIN shares. Wall Street Zen lowered shares of Qfin from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. began coverage on shares of Qfin in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $65.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $51.73.

Qfin Stock Performance

Shares of NASDAQ:QFIN traded down $0.4670 during midday trading on Tuesday, hitting $29.4330. The stock had a trading volume of 1,214,894 shares, compared to its average volume of 1,721,295. The company has a market capitalization of $4.64 billion, a PE ratio of 4.16, a P/E/G ratio of 0.40 and a beta of 0.39. Qfin Holdings Inc. - Sponsored ADR has a 1 year low of $23.86 and a 1 year high of $48.94. The stock has a 50 day moving average price of $39.57 and a two-hundred day moving average price of $41.02. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.21.

Qfin (NASDAQ:QFIN - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $1.78 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). The company had revenue of $728.00 million for the quarter, compared to analysts' expectations of $4.68 billion. Qfin had a return on equity of 31.00% and a net margin of 38.66%. As a group, equities analysts predict that Qfin Holdings Inc. - Sponsored ADR will post 5.71 earnings per share for the current fiscal year.

Qfin Company Profile

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.