Prudential PLC Has $7.92 Million Position in Qfin Holdings Inc. – Sponsored ADR $QFIN

Prudential PLC lowered its holdings in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 49.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 411,232 shares of the company’s stock after selling 409,349 shares during the quarter. Prudential PLC owned 0.29% of Qfin worth $7,924,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Qfin during the first quarter worth about $29,000. SBI Securities Co. Ltd. grew its holdings in shares of Qfin by 6,796.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,931 shares of the company’s stock worth $37,000 after buying an additional 1,903 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Qfin by 23.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,358 shares of the company’s stock worth $103,000 after buying an additional 1,016 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Qfin by 14.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the company’s stock worth $108,000 after buying an additional 700 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Qfin by 59.2% during the fourth quarter. Signaturefd LLC now owns 6,982 shares of the company’s stock worth $135,000 after buying an additional 2,597 shares in the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on QFIN shares. Weiss Ratings upgraded Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Bank of America restated a “neutral” rating and issued a $15.33 price target on shares of Qfin in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group decreased their price target on Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a research note on Wednesday, March 18th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.91.

Insider Activity at Qfin

In related news, Director Xiaohuan Chen purchased 190,000 shares of Qfin stock in a transaction on Friday, March 27th. The shares were purchased at an average price of $12.89 per share, for a total transaction of $2,449,100.00. Following the transaction, the director owned 190,000 shares of the company’s stock, valued at approximately $2,449,100. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 17.10% of the company’s stock.

Qfin Stock Performance

QFIN opened at $14.53 on Friday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 2.66, a PEG ratio of 0.29 and a beta of 0.61. The business has a 50 day moving average of $13.54 and a 200-day moving average of $15.80. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.03. Qfin Holdings Inc. – Sponsored ADR has a 12-month low of $11.31 and a 12-month high of $46.18.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings results on Friday, May 15th. The company reported $1.12 earnings per share (EPS) for the quarter. Qfin had a return on equity of 20.85% and a net margin of 27.48%.The company had revenue of $567.01 million for the quarter. On average, equities research analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 3.82 earnings per share for the current year.

Qfin Announces Dividend

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

Qfin 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.