Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) have received an average rating of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $51.7333.

A number of research analysts recently weighed in on QFIN shares. JPMorgan Chase & Co. started coverage on shares of Qfin in a research note on Wednesday, July 2nd. They issued an “overweight” rating and a $65.00 price objective for the company. Wall Street Zen lowered shares of Qfin from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Zacks Research lowered shares of Qfin from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Qfin in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its holdings in Qfin by 5.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 46,870 shares of the company’s stock valued at $1,349,000 after purchasing an additional 2,467 shares during the period. Ariose Capital Management Ltd bought a new position in Qfin in the 3rd quarter valued at $909,000. Ethic Inc. boosted its holdings in Qfin by 11.0% in the 3rd quarter. Ethic Inc. now owns 13,982 shares of the company’s stock valued at $402,000 after purchasing an additional 1,388 shares during the period. Matthews International Capital Management LLC boosted its holdings in Qfin by 18.2% in the 3rd quarter. Matthews International Capital Management LLC now owns 322,848 shares of the company’s stock valued at $9,292,000 after purchasing an additional 49,707 shares during the period. Finally, Swedbank AB boosted its holdings in Qfin by 24.2% in the 3rd quarter. Swedbank AB now owns 1,660,064 shares of the company’s stock valued at $47,777,000 after purchasing an additional 323,664 shares during the period. 74.81% of the stock is owned by institutional investors.

Qfin Trading Up 2.7%

Shares of QFIN stock opened at $26.18 on Thursday. The company has a 50 day moving average of $29.06 and a 200-day moving average of $36.51. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.20. Qfin has a 12-month low of $24.83 and a 12-month high of $48.94. The firm has a market cap of $3.72 billion, a P/E ratio of 3.70, a PEG ratio of 0.27 and a beta of 0.42.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings results 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). Qfin had a return on equity of 30.74% and a net margin of 38.66%.The company had revenue of $728.00 million for the quarter, compared to analysts’ expectations of $4.68 billion. Sell-side analysts anticipate that Qfin will post 5.71 earnings per share for the current year.

Qfin Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 8th were paid a $0.76 dividend. The ex-dividend date was Monday, September 8th. This represents a yield of 541.0%. This is a positive change from Qfin’s previous semi-annual dividend of $0.70. Qfin’s dividend payout ratio (DPR) is presently 21.19%.

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.