Xiaohuan Chen Acquires 190,000 Shares of Qfin (NASDAQ:QFIN) Stock

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Director Xiaohuan Chen acquired 190,000 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was bought at an average price of $12.89 per share, for a total transaction of $2,449,100.00. Following the completion of the acquisition, the director owned 190,000 shares in the company, valued at approximately $2,449,100. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Qfin Trading Up 0.2%

Qfin stock traded up $0.02 during trading on Thursday, hitting $13.00. The company had a trading volume of 84,525 shares, compared to its average volume of 1,588,477. The company has a current ratio of 2.43, a quick ratio of 2.94 and a debt-to-equity ratio of 0.07. The company’s 50 day simple moving average is $14.74 and its 200-day simple moving average is $19.87. Qfin Holdings Inc. – Sponsored ADR has a 1-year low of $12.29 and a 1-year high of $47.00. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 2.10, a price-to-earnings-growth ratio of 0.21 and a beta of 0.49.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.59 earnings per share for the quarter. Qfin had a return on equity of 24.97% and a net margin of 31.13%.The business had revenue of $584.98 million during the quarter. As a group, analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 5.71 EPS for the current fiscal year.

Qfin Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Wednesday, April 22nd will be paid a $0.78 dividend. This represents a dividend yield of 1,143.0%. The ex-dividend date is Wednesday, April 22nd. Qfin’s dividend payout ratio (DPR) is presently 25.00%.

Institutional Trading of Qfin

Institutional investors have recently modified their holdings of the stock. Krane Funds Advisors LLC increased its position in shares of Qfin by 25.1% during the third quarter. Krane Funds Advisors LLC now owns 6,344,592 shares of the company’s stock worth $182,597,000 after purchasing an additional 1,271,942 shares in the last quarter. Triata Capital Ltd boosted its position in shares of 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 purchasing an additional 2,041,351 shares during the period. Dimensional Fund Advisors LP grew its stake in Qfin by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,988,999 shares of the company’s stock worth $38,350,000 after buying an additional 176,754 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Qfin by 198.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,842,278 shares of the company’s stock worth $35,501,000 after buying an additional 1,224,164 shares during the period. Finally, Swedbank AB increased its position in Qfin by 24.2% during the third quarter. Swedbank AB now owns 1,660,064 shares of the company’s stock worth $47,777,000 after buying an additional 323,664 shares during the period. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on QFIN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qfin in a research report on Monday, December 29th. Zacks Research downgraded shares of Qfin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Finally, Jefferies Financial Group dropped their target price on Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a report on Wednesday, March 18th. One 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 data from MarketBeat, Qfin presently has a consensus rating of “Hold” and an average price target of $22.20.

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.