510,700 Shares in Qfin Holdings Inc. – Sponsored ADR $QFIN Acquired by Cape Ann Asset Management Ltd

Cape Ann Asset Management Ltd bought a new stake in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) during the third quarter, HoldingsChannel reports. The institutional investor bought 510,700 shares of the company’s stock, valued at approximately $14,698,000. Qfin makes up approximately 5.0% of Cape Ann Asset Management Ltd’s portfolio, making the stock its 9th largest position.

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Qfin in the first quarter valued at $29,000. Hantz Financial Services Inc. raised its stake in Qfin by 472.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 739 shares of the company’s stock valued at $32,000 after purchasing an additional 610 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in Qfin by 250.2% in the 2nd quarter. iA Global Asset Management Inc. now owns 823 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of Qfin during the 2nd quarter worth about $60,000. Finally, Rexford Capital Inc. purchased a new stake in shares of Qfin during the second quarter worth about $78,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on QFIN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Qfin in a research note on Monday, December 29th. Zacks Research lowered Qfin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Finally, JPMorgan Chase & Co. lowered Qfin from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $45.00 to $21.00 in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.85.

Qfin Stock Down 1.1%

Shares of NASDAQ QFIN opened at $14.94 on Friday. The stock has a market capitalization of $2.12 billion, a PE ratio of 2.18, a P/E/G ratio of 0.22 and a beta of 0.52. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $17.30 and a 200-day moving average of $23.18. Qfin Holdings Inc. – Sponsored ADR has a 52-week low of $14.71 and a 52-week high of $48.94.

Qfin (NASDAQ:QFIN) last issued its earnings results on Tuesday, November 18th. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.16). Qfin had a return on equity of 28.73% and a net margin of 35.09%.The firm had revenue of $731.04 million during the quarter, compared to analysts’ expectations of $693.21 million. On average, analysts anticipate that Qfin Holdings Inc. – Sponsored ADR will post 5.71 EPS for the current year.

Qfin Company Profile

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.