Xiaohuan Chen Buys 4,000 Shares of Qfin (NASDAQ:QFIN) Stock

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Director Xiaohuan Chen bought 4,000 shares of Qfin stock in a transaction on Tuesday, June 9th. The shares were bought at an average price of $14.41 per share, for a total transaction of $57,640.00. Following the acquisition, the director owned 19,000 shares of the company’s stock, valued at approximately $273,790. The trade was a 26.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Xiaohuan Chen also recently made the following trade(s):

• On Friday, March 27th, Xiaohuan Chen acquired 190,000 shares of Qfin stock. The shares were acquired at an average price of $12.89 per share, for a total transaction of $2,449,100.00.

Qfin Trading Up 1.1%

NASDAQ:QFIN opened at $15.00 on Friday. Qfin Holdings Inc. – Sponsored ADR has a fifty-two week low of $11.31 and a fifty-two week high of $46.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 2.22. The stock has a market capitalization of $1.83 billion, a PE ratio of 2.75, a price-to-earnings-growth ratio of 0.28 and a beta of 0.61. The business’s 50-day simple moving average is $13.68 and its 200-day simple moving average is $15.61.

Qfin (NASDAQ:QFIN) last released its quarterly earnings data on Friday, May 15th. The company reported $1.12 earnings per share for the quarter. Qfin had a return on equity of 20.85% and a net margin of 27.48%.The business had revenue of $567.01 million for the quarter. Sell-side analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 3.79 earnings per share for the current fiscal year.

Qfin Announces Dividend

The firm also recently disclosed 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. This represents a dividend yield of 1,176.0%. The ex-dividend date was Wednesday, April 22nd. Qfin’s payout ratio is 28.21%.

Institutional Investors Weigh In On Qfin

A number of hedge funds and other institutional investors have recently bought and sold shares of QFIN. Triata Capital Ltd raised its position in Qfin by 188.3% in the 4th quarter. Triata Capital Ltd now owns 3,125,331 shares of the company’s stock valued at $60,225,000 after buying an additional 2,041,351 shares during the last quarter. Norges Bank acquired a new stake in Qfin in the 4th quarter valued at approximately $30,436,000. Krane Funds Advisors LLC raised its position in Qfin by 25.1% in 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 during the last quarter. Goldman Sachs Group Inc. raised its position in Qfin by 198.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,842,278 shares of the company’s stock valued at $35,501,000 after buying an additional 1,224,164 shares during the last quarter. Finally, Marshall Wace LLP raised its position in Qfin by 1,050.6% in the 3rd quarter. Marshall Wace LLP now owns 790,665 shares of the company’s stock valued at $22,755,000 after buying an additional 721,950 shares during the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Jefferies Financial Group cut their price objective on Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Bank of America reiterated a “neutral” rating and set a $15.33 price objective on shares of Qfin in a report on Wednesday, May 27th. Finally, Weiss Ratings cut Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $19.91.

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.