Russell Investments Group Ltd. Has $39.76 Million Holdings in Qfin Holdings Inc. - Sponsored ADR $QFIN

Key Points

• Russell Investments Group Ltd. reduced its holdings in Qfin Holdings Inc. by 8.2%, now owning approximately $39.76 million worth of the company.
• New stakes in Qfin have been acquired by several institutional investors, with 74.81% of the stock currently owned by such entities.
• Qfin's latest earnings report showed a miss on EPS estimates, reporting $1.78 compared to the consensus estimate of $1.79.

Russell Investments Group Ltd. cut its holdings in shares of Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 8.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 877,959 shares of the company's stock after selling 78,746 shares during the quarter. Russell Investments Group Ltd. owned 0.56% of Qfin worth $39,762,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GeoWealth Management LLC bought a new position in Qfin during the fourth quarter valued at approximately $26,000. Virtus Investment Advisers Inc. bought a new position in shares of Qfin during the 4th quarter valued at $61,000. State of Wyoming acquired a new stake in shares of Qfin in the 4th quarter valued at $97,000. Headlands Technologies LLC bought a new stake in Qfin in the first quarter worth $151,000. Finally, Burns Matteson Capital Management LLC acquired a new position in Qfin during the first quarter worth $201,000. Hedge funds and other institutional investors own 74.81% of the company's stock.

Qfin Trading Down 6.4%

QFIN traded down $2.06 during mid-day trading on Monday, reaching $29.89. The stock had a trading volume of 2,390,158 shares, compared to its average volume of 1,712,492. The stock has a market capitalization of $4.71 billion, a P/E ratio of 4.20, a P/E/G ratio of 0.40 and a beta of 0.39. Qfin Holdings Inc. - Sponsored ADR has a 52 week low of $23.86 and a 52 week high of $48.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.08 and a current ratio of 3.08. The firm's fifty day simple moving average is $39.82 and its two-hundred day simple moving average is $41.09.

Qfin (NASDAQ:QFIN - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $1.78 earnings per share for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). The company 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 31.00%. On average, equities analysts predict that Qfin Holdings Inc. - Sponsored ADR will post 5.71 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wall Street Zen lowered Qfin from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. assumed coverage on shares of Qfin in a research report on Wednesday, July 2nd. They issued an "overweight" rating and a $65.00 price target for the company.

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.