Oasis Management Co Ltd. Buys 53,858 Shares of Qfin Holdings Inc. – Sponsored ADR $QFIN

Oasis Management Co Ltd. grew its stake in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 20.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 314,755 shares of the company’s stock after acquiring an additional 53,858 shares during the period. Qfin comprises 0.4% of Oasis Management Co Ltd.’s investment portfolio, making the stock its 23rd biggest position. Oasis Management Co Ltd.’s holdings in Qfin were worth $6,065,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cape Ann Asset Management Ltd bought a new position in shares of Qfin during the 3rd quarter valued at approximately $14,698,000. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Qfin by 741.9% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 579,568 shares of the company’s stock valued at $11,165,000 after buying an additional 510,730 shares in the last quarter. Prudential PLC lifted its stake in shares of Qfin by 15.8% during the 3rd quarter. Prudential PLC now owns 820,581 shares of the company’s stock valued at $23,616,000 after buying an additional 112,087 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Qfin by 20.6% during the 3rd quarter. American Century Companies Inc. now owns 794,274 shares of the company’s stock valued at $22,859,000 after buying an additional 135,462 shares in the last quarter. Finally, Krane Funds Advisors LLC lifted its stake in shares of Qfin by 25.1% during the 3rd quarter. Krane Funds Advisors LLC now owns 6,344,592 shares of the company’s stock valued at $182,597,000 after buying an additional 1,271,942 shares in the last quarter. 74.81% of the stock is owned by institutional investors.

Qfin Stock Performance

NASDAQ QFIN opened at $15.40 on Friday. The company’s 50 day simple moving average is $13.73 and its two-hundred day simple moving average is $15.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 2.22. Qfin Holdings Inc. – Sponsored ADR has a 1 year low of $11.31 and a 1 year high of $46.18. The stock has a market capitalization of $1.87 billion, a PE ratio of 2.82, a P/E/G ratio of 0.28 and a beta of 0.61.

Qfin (NASDAQ:QFIN) last announced its quarterly earnings results on Friday, May 15th. The company reported $1.12 EPS for the quarter. Qfin had a net margin of 27.48% and a return on equity of 20.85%. The firm had revenue of $567.01 million during the quarter. Analysts predict that Qfin Holdings Inc. – Sponsored ADR will post 3.79 earnings per share for the current fiscal year.

Qfin Announces Dividend

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

Insider Buying and Selling

In other news, Director Xiaohuan Chen purchased 190,000 shares of the business’s stock in a transaction on Friday, March 27th. The stock was purchased at an average cost of $12.89 per share, with a total value of $2,449,100.00. Following the acquisition, the director directly owned 190,000 shares in the company, valued at approximately $2,449,100. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

QFIN has been the topic of a number of recent research reports. Jefferies Financial Group dropped their price target on shares of Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Bank of America restated a “neutral” rating and set a $15.33 price target on shares of Qfin in a research note on Wednesday, May 27th. Finally, Weiss Ratings cut shares of Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Qfin presently has an average rating of “Reduce” and an average price target of $19.91.

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.