Triata Capital Ltd Has $4.77 Million Holdings in Qfin Holdings Inc. - Sponsored ADR $QFIN

Key Points

• Triata Capital Ltd increased its stake in Qfin Holdings by 71.9% in Q1, owning 106,131 shares, which makes up 1.1% of its portfolio.
• Qfin has recently experienced a decline, with shares trading down 4.1% and a market capitalization of $5.04 billion.
• Despite missing earnings estimates, analysts expect Qfin to post an EPS of 5.71 for the current year, signaling potential growth.

Triata Capital Ltd lifted its stake in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 71.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,131 shares of the company's stock after acquiring an additional 44,384 shares during the period. Qfin accounts for 1.1% of Triata Capital Ltd's portfolio, making the stock its 12th largest position. Triata Capital Ltd owned 0.07% of Qfin worth $4,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. GeoWealth Management LLC purchased a new stake in Qfin in the fourth quarter valued at $26,000. Virtus Investment Advisers Inc. purchased a new stake in shares of Qfin during the fourth quarter worth approximately $61,000. Caitong International Asset Management Co. Ltd purchased a new position in Qfin in the first quarter valued at $108,000. State of Wyoming acquired a new stake in Qfin during the fourth quarter worth approximately $97,000. Finally, Headlands Technologies LLC purchased a new stake in Qfin in the first quarter valued at $151,000. 74.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on QFIN shares. 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. Wall Street Zen downgraded Qfin from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Qfin presently has an average rating of "Buy" and an average target price of $51.73.

Qfin Price Performance

Shares of NASDAQ:QFIN traded up $0.78 during trading hours on Friday, hitting $31.45. 1,580,169 shares of the company's stock traded hands, compared to its average volume of 1,752,276. Qfin Holdings Inc. - Sponsored ADR has a 52 week low of $24.30 and a 52 week high of $48.94. The company's fifty day simple moving average is $38.84 and its two-hundred day simple moving average is $40.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.08 and a current ratio of 3.48. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 4.44, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39.

Qfin (NASDAQ:QFIN - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.01). The business had revenue of $728.00 million for the quarter, compared to analyst estimates of $4.68 billion. Qfin had a return on equity of 30.74% and a net margin of 38.66%. As a group, equities analysts anticipate that Qfin Holdings Inc. - Sponsored ADR will post 5.71 EPS for the current fiscal year.

Qfin Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 8th will be given a dividend of $0.76 per share. This is a positive change from Qfin's previous semi-annual dividend of $0.70. This represents a dividend yield of 440.0%. The ex-dividend date of this dividend is Monday, September 8th. Qfin's payout ratio is 19.49%.

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.