Qfin Holdings Inc. - Sponsored ADR $QFIN is APEIRON CAPITAL Ltd's 3rd Largest Position

Key Points

• APEIRON CAPITAL Ltd boosted its QFIN stake by 29.5% in Q4 to 1,027,455 shares, making Qfin its 3rd-largest holding and representing about 22.9% of APEIRON’s portfolio (worth ~$19.8 million), and the firm owned roughly 0.72% of QFIN.
• Analyst sentiment is negative with a consensus rating of "Reduce" (1 Buy, 1 Hold, 2 Sell) and an average target price of $22.20; Jefferies cut its target from $30.30 to $23.40 and Weiss Ratings downgraded the stock to sell.
• Insider Director Xiaohuan Chen purchased 190,000 shares at $12.89 (~$2.45M), insiders own 17.1%, and the company reported solid profitability last quarter (EPS $0.59, net margin 31.13%, ROE 24.97%) while announcing a $0.78 dividend with an ex-dividend date of April 22.

APEIRON CAPITAL Ltd boosted its holdings in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 29.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,027,455 shares of the company's stock after buying an additional 234,000 shares during the period. Qfin accounts for approximately 22.9% of APEIRON CAPITAL Ltd's holdings, making the stock its 3rd biggest position. APEIRON CAPITAL Ltd owned about 0.72% of Qfin worth $19,799,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Qfin during the 1st quarter valued at about $29,000. PNC Financial Services Group Inc. lifted its position in shares of Qfin by 38.0% in the third quarter. PNC Financial Services Group Inc. now owns 4,342 shares of the company's stock worth $125,000 after buying an additional 1,195 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Qfin by 703.2% in the third quarter. Farther Finance Advisors LLC now owns 4,538 shares of the company's stock worth $131,000 after buying an additional 3,973 shares in the last quarter. Signaturefd LLC boosted its stake in Qfin by 59.2% during the fourth quarter. Signaturefd LLC now owns 6,982 shares of the company's stock valued at $135,000 after buying an additional 2,597 shares during the last quarter. Finally, Legacy Financial Advisors Inc. bought a new position in Qfin during the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 74.81% of the company's stock.

Analyst Ratings Changes

QFIN has been the topic of a number of research reports. Jefferies Financial Group reduced their price objective on Qfin from $30.30 to $23.40 and set a "buy" rating on the stock in a research note on Wednesday, March 18th. Weiss Ratings downgraded shares of Qfin from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, April 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $22.20.

Qfin Stock Up 2.4%

Shares of NASDAQ QFIN opened at $13.39 on Friday. The company has a market cap of $1.90 billion, a P/E ratio of 2.17, a PEG ratio of 0.25 and a beta of 0.54. The firm has a 50-day simple moving average of $13.74 and a two-hundred day simple moving average of $17.50. Qfin Holdings Inc. - Sponsored ADR has a 1 year low of $12.29 and a 1 year high of $47.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 2.94.

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

Qfin Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a dividend yield of 1,176.0%. Qfin's dividend payout ratio (DPR) is 25.00%.

Insider Activity at Qfin

In related news, Director Xiaohuan Chen bought 190,000 shares of Qfin stock in a transaction dated Friday, March 27th. The shares were acquired at an average cost of $12.89 per share, with a total value of $2,449,100.00. Following the completion of the transaction, the director owned 190,000 shares in the company, valued at $2,449,100. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company 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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