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

Maven Securities LTD raised its holdings in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 477.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,912 shares of the company’s stock after acquiring an additional 52,012 shares during the quarter. Maven Securities LTD’s holdings in Qfin were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Qfin in the 1st quarter worth $29,000. Rexford Capital Inc. bought a new stake in Qfin during the second quarter valued at about $78,000. PNC Financial Services Group Inc. grew its holdings in Qfin by 32.6% during the second quarter. PNC Financial Services Group Inc. now owns 3,147 shares of the company’s stock valued at $136,000 after purchasing an additional 774 shares during the period. Farther Finance Advisors LLC increased its position in Qfin by 703.2% in the third quarter. Farther Finance Advisors LLC now owns 4,538 shares of the company’s stock worth $131,000 after buying an additional 3,973 shares in the last quarter. Finally, Thoroughbred Financial Services LLC bought a new position in shares of Qfin in the second quarter worth about $212,000. Institutional investors own 74.81% of the company’s stock.

Qfin Price Performance

NASDAQ:QFIN opened at $14.43 on Wednesday. The business’s 50-day simple moving average is $15.65 and its two-hundred day simple moving average is $21.02. Qfin Holdings Inc. – Sponsored ADR has a 52 week low of $13.81 and a 52 week high of $48.94. The stock has a market cap of $2.05 billion, a PE ratio of 2.10, a P/E/G ratio of 0.21 and a beta of 0.49. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.20.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qfin in a research report on Monday, December 29th. Zacks Research lowered shares of Qfin from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. downgraded shares of Qfin from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $45.00 to $21.00 in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.85.

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.