US Bancorp DE Has $669,000 Stock Position in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN)

US Bancorp DE grew its holdings in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 173.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,904 shares of the company's stock after purchasing an additional 9,463 shares during the period. US Bancorp DE's holdings in Qfin were worth $669,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. HB Wealth Management LLC increased its holdings in Qfin by 7.2% in the first quarter. HB Wealth Management LLC now owns 6,431 shares of the company's stock worth $289,000 after buying an additional 431 shares during the last quarter. GeoWealth Management LLC bought a new stake in Qfin during the fourth quarter worth approximately $26,000. Nuveen Asset Management LLC boosted its position in Qfin by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 242,000 shares of the company's stock worth $9,288,000 after purchasing an additional 1,100 shares during the period. Quantinno Capital Management LP boosted its position in Qfin by 8.5% during the fourth quarter. Quantinno Capital Management LP now owns 17,848 shares of the company's stock worth $685,000 after purchasing an additional 1,392 shares during the period. Finally, Virtus Investment Advisers Inc. bought a new stake in shares of Qfin in the fourth quarter valued at approximately $61,000. Institutional investors and hedge funds own 74.81% of the company's stock.

Analyst Upgrades and Downgrades

QFIN has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on Qfin in a research report on Wednesday, July 2nd. They issued an "overweight" rating and a $65.00 price objective for the company. Wall Street Zen cut Qfin from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th.

Qfin Trading Down 4.1%

Qfin stock traded down $1.41 during mid-day trading on Thursday, hitting $33.45. The stock had a trading volume of 1,184,155 shares, compared to its average volume of 1,699,805. The stock has a 50-day simple moving average of $40.22 and a two-hundred day simple moving average of $41.21. The stock has a market capitalization of $5.27 billion, a PE ratio of 5.14, a P/E/G ratio of 0.42 and a beta of 0.39. Qfin Holdings Inc. - Sponsored ADR has a 12 month low of $23.49 and a 12 month high of $48.94. 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 posted its quarterly earnings results on Monday, May 19th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.02. Qfin had a return on equity of 29.73% and a net margin of 38.99%. The business had revenue of $646.19 million for the quarter, compared to analysts' expectations of $4.61 billion. As a group, sell-side analysts forecast that Qfin Holdings Inc. - Sponsored ADR will post 5.71 EPS for the current year.

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.