Triata Capital Ltd Acquires 2,041,351 Shares of Qfin Holdings Inc. – Sponsored ADR $QFIN

Triata Capital Ltd boosted its position in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 188.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,125,331 shares of the company’s stock after buying an additional 2,041,351 shares during the quarter. Qfin makes up about 7.3% of Triata Capital Ltd’s investment portfolio, making the stock its 5th biggest holding. Triata Capital Ltd owned approximately 2.20% of Qfin worth $60,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Qfin in the first quarter valued at about $29,000. SBI Securities Co. Ltd. increased its holdings in 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 buying an additional 1,903 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in 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 buying an additional 2,125 shares during the last quarter. Parallel Advisors LLC increased its holdings in Qfin by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 3,373 shares of the company’s stock valued at $65,000 after buying an additional 656 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Qfin by 38.0% in the third quarter. PNC Financial Services Group Inc. now owns 4,342 shares of the company’s stock valued at $125,000 after buying an additional 1,195 shares during the last quarter. 74.81% of the stock is owned by institutional investors.

Insider Activity at Qfin

In related news, Director Xiaohuan Chen bought 190,000 shares of the stock in a transaction dated Friday, March 27th. The stock was bought at an average cost of $12.89 per share, with a total value of $2,449,100.00. Following the completion of the acquisition, the director owned 190,000 shares of the company’s stock, valued at $2,449,100. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

QFIN has been the subject of several research analyst reports. Jefferies Financial Group lowered their price objective on Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a report on Wednesday, March 18th. Bank of America reissued a “neutral” rating and issued a $15.33 price objective on shares of Qfin in a report on Wednesday, May 27th. Finally, Weiss Ratings lowered Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $19.91.

Qfin Stock Down 3.3%

NASDAQ:QFIN opened at $15.07 on Wednesday. The firm has a market capitalization of $1.83 billion, a PE ratio of 2.76 and a beta of 0.61. The stock has a 50 day moving average of $13.83 and a 200-day moving average of $15.54. Qfin Holdings Inc. – Sponsored ADR has a 52 week low of $11.31 and a 52 week high of $46.18. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.03.

Qfin (NASDAQ:QFIN) last posted its earnings results on Friday, May 15th. The company reported $1.12 EPS for the quarter. The company had revenue of $567.01 million during the quarter. Qfin had a return on equity of 20.85% and a net margin of 27.48%. Analysts predict that Qfin Holdings Inc. – Sponsored ADR will post 3.79 EPS for the current year.

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.