Qfin Holdings Inc. – Sponsored ADR $QFIN Stock Position Lifted by Matthews International Capital Management LLC

Matthews International Capital Management LLC boosted its stake in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 204.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 273,141 shares of the company’s stock after purchasing an additional 183,525 shares during the period. Qfin comprises approximately 2.7% of Matthews International Capital Management LLC’s holdings, making the stock its 15th largest position. Matthews International Capital Management LLC owned approximately 0.17% of Qfin worth $11,843,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QFIN. Mirae Asset Global Investments Co. Ltd. grew its position in Qfin by 10,812.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,042,306 shares of the company’s stock valued at $91,720,000 after purchasing an additional 2,023,590 shares in the last quarter. Krane Funds Advisors LLC grew its position in Qfin by 24.4% during the first quarter. Krane Funds Advisors LLC now owns 7,032,927 shares of the company’s stock valued at $315,849,000 after purchasing an additional 1,381,624 shares in the last quarter. Keystone Investors PTE Ltd. purchased a new position in Qfin during the first quarter valued at approximately $52,814,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Qfin by 183.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 888,680 shares of the company’s stock valued at $39,911,000 after purchasing an additional 575,545 shares in the last quarter. Finally, Panview Capital Ltd purchased a new position in Qfin during the first quarter valued at approximately $24,925,000. 74.81% of the stock is owned by hedge funds and other institutional investors.

Qfin Price Performance

NASDAQ QFIN opened at $29.51 on Friday. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $30.88 and a 200 day simple moving average of $38.13. The company has a market cap of $4.65 billion, a P/E ratio of 4.17, a P/E/G ratio of 0.32 and a beta of 0.42. Qfin Holdings Inc. – Sponsored ADR has a 1 year low of $27.64 and a 1 year high of $48.94.

Qfin (NASDAQ:QFIN) last posted its quarterly earnings data on Thursday, August 14th. The company reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.01). The firm had revenue of $728.00 million for the quarter, compared to the consensus estimate of $4.68 billion. Qfin had a return on equity of 30.74% and a net margin of 38.66%. On average, sell-side analysts predict that Qfin Holdings Inc. – Sponsored ADR will post 5.71 EPS for the current year.

Qfin Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 8th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a dividend yield of 541.0%. This is an increase from Qfin’s previous semi-annual dividend of $0.70. Qfin’s payout ratio is currently 21.19%.

Analysts Set New Price Targets

A number of brokerages recently commented on QFIN. JPMorgan Chase & Co. began coverage on shares of Qfin in a research report on Wednesday, July 2nd. They set an “overweight” rating and a $65.00 price objective on the stock. Wall Street Zen downgraded shares of Qfin from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Qfin in a research report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $51.73.

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.