Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Receives $19.91 Average Price Target from Analysts

Shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) have been given a consensus rating of “Hold” by the five brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $19.91.

A number of analysts have commented on QFIN shares. Jefferies Financial Group cut their price objective on shares of Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a report on Wednesday, March 18th. Bank of America reiterated a “neutral” rating and issued a $15.33 price objective on shares of Qfin in a report on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th.

Insider Activity

In other news, Director Xiaohuan Chen purchased 190,000 shares of the business’s stock in a transaction dated Friday, March 27th. The stock was acquired at an average price of $12.89 per share, for a total transaction of $2,449,100.00. Following the acquisition, the director directly owned 190,000 shares of the company’s stock, valued at approximately $2,449,100. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.10% of the stock is owned by corporate insiders.

Institutional Trading of Qfin

A number of hedge funds and other institutional investors have recently made changes to their positions in QFIN. Royal Bank of Canada increased its holdings in shares of Qfin by 51.7% during the 1st quarter. Royal Bank of Canada now owns 6,508 shares of the company’s stock worth $293,000 after buying an additional 2,219 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Qfin in the 1st quarter valued at approximately $29,000. Goldman Sachs Group Inc. increased its holdings in Qfin by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,603,830 shares of the company’s stock valued at $72,028,000 after purchasing an additional 395,589 shares during the last quarter. California State Teachers Retirement System increased its holdings in Qfin by 333.8% in the 2nd quarter. California State Teachers Retirement System now owns 34,810 shares of the company’s stock valued at $1,509,000 after purchasing an additional 26,786 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Qfin by 31.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 9,179 shares of the company’s stock valued at $264,000 after purchasing an additional 2,206 shares during the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

Qfin Stock Down 2.1%

QFIN stock opened at $16.56 on Wednesday. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 3.03, a PEG ratio of 0.32 and a beta of 0.61. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.03. Qfin has a 12 month low of $11.31 and a 12 month high of $46.18. The firm has a 50-day moving average of $13.37 and a two-hundred day moving average of $15.96.

Qfin (NASDAQ:QFIN) last released its quarterly earnings data on Tuesday, May 26th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. The company had revenue of $567.01 million during the quarter, compared to the consensus estimate of $476.92 million. Qfin had a net margin of 27.48% and a return on equity of 20.85%. As a group, analysts forecast that Qfin will post 3.82 earnings per share for the current fiscal year.

Qfin Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 22nd were issued a dividend of $0.78 per share. The ex-dividend date was Wednesday, April 22nd. This represents a dividend yield of 1,176.0%. Qfin’s dividend payout ratio (DPR) is currently 28.21%.

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.