Pictet Asset Management Holding SA Boosts Holdings in Qfin Holdings Inc. - Sponsored ADR $QFIN

Key Points

• Pictet Asset Management increased its QFIN stake by 13.7% in Q4, buying 76,906 shares to hold 638,080 shares worth about $12.30 million (≈0.45% of the company).
• Director Xiaohuan Chen purchased 190,000 shares at roughly $12.89 each (~$2.45 million) on March 27, contributing to insiders owning 17.10% of the stock.
• Analyst sentiment is mixed-to-negative with a consensus rating of "Reduce" and an average price target of $22.20; QFIN trades around $13.39, well below its 52‑week high of $47.00.

Pictet Asset Management Holding SA lifted its stake in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 638,080 shares of the company's stock after acquiring an additional 76,906 shares during the quarter. Pictet Asset Management Holding SA owned 0.45% of Qfin worth $12,296,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. TD Waterhouse Canada Inc. lifted its holdings in shares of Qfin by 2.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 16,959 shares of the company's stock worth $504,000 after acquiring an additional 429 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Qfin in the 1st quarter worth approximately $29,000. PNC Financial Services Group Inc. lifted its holdings in shares of Qfin by 38.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,342 shares of the company's stock worth $125,000 after acquiring an additional 1,195 shares during the last quarter. Ethic Inc. lifted its holdings in shares of Qfin by 11.0% in the 3rd quarter. Ethic Inc. now owns 13,982 shares of the company's stock worth $402,000 after acquiring an additional 1,388 shares during the last quarter. Finally, SkyOak Wealth LLC lifted its holdings in shares of Qfin by 21.1% in the 3rd quarter. SkyOak Wealth LLC now owns 8,354 shares of the company's stock worth $240,000 after acquiring an additional 1,455 shares during the last quarter. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on QFIN shares. Weiss Ratings lowered shares of Qfin from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, April 6th. Jefferies Financial Group cut their target price on shares of Qfin from $30.30 to $23.40 and set a "buy" rating on the stock in a research note on Wednesday, March 18th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Qfin has an average rating of "Reduce" and a consensus price target of $22.20.

Qfin Price Performance

Shares of NASDAQ QFIN opened at $13.39 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.94 and a current ratio of 2.43. Qfin Holdings Inc. - Sponsored ADR has a fifty-two week low of $12.29 and a fifty-two week high of $47.00. The firm has a market capitalization of $1.90 billion, a PE ratio of 2.17, a price-to-earnings-growth ratio of 0.25 and a beta of 0.54. The stock's 50-day simple moving average is $13.74 and its 200-day simple moving average is $17.57.

Qfin (NASDAQ:QFIN - Get Free Report) last issued its earnings results on Saturday, February 14th. The company reported $0.59 earnings per share for the quarter. The business had revenue of $584.98 million for the quarter. Qfin had a return on equity of 24.97% and a net margin of 31.13%. As a group, equities research analysts forecast that Qfin Holdings Inc. - Sponsored ADR will post 3.82 EPS for the current fiscal year.

Qfin Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $0.78 per share. This represents a dividend yield of 1,176.0%. The ex-dividend date is Wednesday, April 22nd. Qfin's payout ratio is currently 25.00%.

Insider Buying and Selling at Qfin

In related news, Director Xiaohuan Chen acquired 190,000 shares of Qfin stock in a transaction dated Friday, March 27th. The stock was acquired at an average price of $12.89 per share, for a total transaction of $2,449,100.00. Following the transaction, the director owned 190,000 shares of the company's stock, valued at $2,449,100. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 17.10% of the company's stock.

About Qfin

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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