750 Shares in Qfin Holdings Inc. – Sponsored ADR $QFIN Purchased by Hoey Investments Inc.

Hoey Investments Inc. bought a new stake in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 750 shares of the company’s stock, valued at approximately $33,000.

Several other large investors also recently made changes to their positions in the company. Krane Funds Advisors LLC boosted its position in shares of Qfin by 24.4% during the first quarter. Krane Funds Advisors LLC now owns 7,032,927 shares of the company’s stock worth $315,849,000 after buying an additional 1,381,624 shares during the period. Vanguard Group Inc. increased its position in Qfin by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 4,572,985 shares of the company’s stock valued at $205,373,000 after acquiring an additional 31,155 shares during the period. Alliancebernstein L.P. raised its stake in Qfin by 20.8% during the 1st quarter. Alliancebernstein L.P. now owns 2,901,566 shares of the company’s stock valued at $130,309,000 after acquiring an additional 500,573 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Qfin by 10,812.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,042,306 shares of the company’s stock valued at $91,720,000 after acquiring an additional 2,023,590 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Qfin by 32.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,603,830 shares of the company’s stock worth $72,028,000 after acquiring an additional 395,589 shares during the period. Institutional investors and hedge funds own 74.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. initiated coverage on Qfin in a report on Wednesday, July 2nd. They set an “overweight” rating and a $65.00 price target on the stock. Wall Street Zen lowered shares of Qfin from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $51.73.

Qfin Price Performance

QFIN opened at $30.71 on Tuesday. The firm has a market capitalization of $4.84 billion, a P/E ratio of 4.34, a PEG ratio of 0.31 and a beta of 0.45. The stock has a fifty day moving average of $32.69 and a 200-day moving average of $38.84. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.20. Qfin Holdings Inc. – Sponsored ADR has a 12-month low of $25.65 and a 12-month high of $48.94.

Qfin (NASDAQ:QFIN) last posted its quarterly earnings results on Thursday, August 14th. The company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.01). Qfin had a net margin of 38.66% and a return on equity of 30.74%. The business had revenue of $728.00 million for the quarter, compared to analyst estimates of $4.68 billion. Equities analysts forecast that Qfin Holdings Inc. – Sponsored ADR will post 5.71 EPS for the current fiscal year.

Qfin Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 8th will be issued a dividend of $0.76 per share. This is an increase from Qfin’s previous semi-annual dividend of $0.70. This represents a dividend yield of 541.0%. The ex-dividend date is Monday, September 8th. Qfin’s dividend payout ratio is 21.19%.

Qfin Profile

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.