Traders Purchase High Volume of Call Options on Qfin (NASDAQ:QFIN)

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) saw unusually large options trading on Tuesday. Investors acquired 8,010 call options on the stock. This is an increase of 931% compared to the typical daily volume of 777 call options.

Qfin Price Performance

Qfin stock traded down $0.36 during midday trading on Tuesday, reaching $16.55. The company had a trading volume of 3,733,486 shares, compared to its average volume of 1,622,279. The company has a market capitalization of $2.35 billion, a P/E ratio of 3.04, a P/E/G ratio of 0.30 and a beta of 0.54. Qfin has a 12-month low of $11.31 and a 12-month high of $46.18. The firm’s fifty day simple moving average is $13.37 and its 200-day simple moving average is $15.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 2.22.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings results on Tuesday, May 26th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. The firm had revenue of $567.01 million for the quarter, compared to analyst estimates of $476.92 million. Qfin had a net margin of 27.48% and a return on equity of 20.85%. As a group, equities analysts anticipate that Qfin will post 3.82 EPS for the current year.

Qfin Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Xiaohuan Chen purchased 190,000 shares of the business’s stock in a transaction on Friday, March 27th. The shares were bought at an average cost of $12.89 per share, with a total value 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 trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.10% of the company’s stock.

Institutional Trading of Qfin

Hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Qfin in the 1st quarter valued at about $29,000. SBI Securities Co. Ltd. grew its holdings in shares of Qfin by 6,796.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,931 shares of the company’s stock valued at $37,000 after purchasing an additional 1,903 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Qfin by 415.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,636 shares of the company’s stock valued at $51,000 after purchasing an additional 2,125 shares during the period. Parallel Advisors LLC boosted its holdings in Qfin by 24.1% in the 4th quarter. Parallel Advisors LLC now owns 3,373 shares of the company’s stock valued at $65,000 after purchasing an additional 656 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Qfin by 38.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,342 shares of the company’s stock valued at $125,000 after purchasing an additional 1,195 shares during the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

Analyst Ratings Changes

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

About Qfin

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.