Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts hold a consensus “Hold” rating on Qfin, with one sell, three hold and one buy recommendation. The average 12-month price target is $19.91 versus the stock’s recent $13.24 price.
• Qfin reported quarterly EPS of $1.12 on $567.01 million in revenue, with a 20.85% return on equity and 27.48% net margin. Analysts expect full-year EPS of approximately $3.85.
• Insiders own 17.10% of the company, while institutional investors own 74.81%; director Xiaohuan Chen recently increased their stake by 26.67% through a 4,000-share purchase.

Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Get Free Report) has received a consensus recommendation of "Hold" from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $19.91.

Several research firms have recently issued reports on QFIN. Zacks Research raised shares of Qfin from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Bank of America reaffirmed a "neutral" rating and issued a $15.33 price objective on shares of Qfin in a report on Wednesday, May 27th. Finally, Weiss Ratings lowered shares of Qfin from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, July 13th.

Insider Buying and Selling at Qfin

In related news, Director Xiaohuan Chen purchased 4,000 shares of Qfin stock in a transaction dated Tuesday, June 9th. The stock was bought at an average cost of $14.41 per share, for a total transaction of $57,640.00. Following the completion of the transaction, the director owned 19,000 shares in the company, valued at $273,790. This trade represents a 26.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 17.10% of the company's stock.

Institutional Trading of Qfin

A number of institutional investors have recently added to or reduced their stakes in QFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Qfin in the first quarter worth about $29,000. Parallel Advisors LLC boosted its position in Qfin by 24.1% during the 4th quarter. Parallel Advisors LLC now owns 3,373 shares of the company's stock valued at $65,000 after acquiring an additional 656 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Qfin by 14.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the company's stock valued at $108,000 after acquiring an additional 700 shares in the last quarter. DGS Capital Management LLC grew its holdings in shares of Qfin by 8.8% during the 1st quarter. DGS Capital Management LLC now owns 10,906 shares of the company's stock worth $141,000 after acquiring an additional 878 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ raised its position in shares of Qfin by 5.4% in the 4th quarter. Lansforsakringar Fondforvaltning AB publ now owns 19,600 shares of the company's stock worth $378,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company's stock.

Qfin Price Performance

Shares of NASDAQ:QFIN opened at $13.24 on Monday. The company has a market capitalization of $1.61 billion, a P/E ratio of 2.42 and a beta of 0.63. The company's 50-day moving average is $14.42 and its 200 day moving average is $14.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.22 and a current ratio of 2.22. Qfin has a fifty-two week low of $11.31 and a fifty-two week high of $34.95.

Qfin (NASDAQ:QFIN - Get Free Report) last posted its quarterly earnings data on Friday, May 15th. The company reported $1.12 EPS for the quarter. The business had revenue of $567.01 million for the quarter. Qfin had a return on equity of 20.85% and a net margin of 27.48%. On average, equities research analysts forecast that Qfin will post 3.85 earnings per share for the current year.

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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