Maven Securities LTD Buys 52,012 Shares of Qfin Holdings Inc. – Sponsored ADR $QFIN

Maven Securities LTD lifted its stake in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 477.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 62,912 shares of the company’s stock after buying an additional 52,012 shares during the quarter. Maven Securities LTD’s holdings in Qfin were worth $1,811,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Qfin during the first quarter valued at $29,000. Rexford Capital Inc. purchased a new stake in Qfin in the 2nd quarter worth $78,000. PNC Financial Services Group Inc. boosted its holdings in shares of Qfin by 38.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,342 shares of the company’s stock valued at $125,000 after purchasing an additional 1,195 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Qfin by 703.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,538 shares of the company’s stock valued at $131,000 after purchasing an additional 3,973 shares during the last quarter. Finally, Legacy Financial Advisors Inc. purchased a new position in shares of Qfin during the third quarter valued at about $201,000. Institutional investors own 74.81% of the company’s stock.

Qfin Trading Up 3.6%

Shares of QFIN opened at $14.43 on Wednesday. The company’s fifty day simple moving average is $15.65 and its 200-day simple moving average is $21.02. The company has a market cap of $2.05 billion, a P/E ratio of 2.10, a P/E/G ratio of 0.21 and a beta of 0.49. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.20. Qfin Holdings Inc. – Sponsored ADR has a twelve month low of $13.81 and a twelve month high of $48.94.

Wall Street Analysts Forecast Growth

QFIN has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qfin in a report 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. downgraded Qfin from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $45.00 to $21.00 in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $36.85.

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.