A number of other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of 360 Finance from a hold rating to a sell rating in a report on Wednesday, June 24th. ValuEngine downgraded shares of 360 Finance from a sell rating to a strong sell rating in a report on Tuesday, June 23rd. TheStreet lowered shares of 360 Finance from a c rating to a d+ rating in a report on Thursday, June 18th. Finally, Morgan Stanley began coverage on shares of 360 Finance in a report on Friday, April 24th. They set an overweight rating and a $12.40 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $11.70.
NASDAQ QFIN opened at $11.45 on Tuesday. The company’s 50 day simple moving average is $9.96 and its 200 day simple moving average is $8.94. 360 Finance has a 12 month low of $6.37 and a 12 month high of $11.81. The company has a market capitalization of $1.55 billion, a P/E ratio of 6.09 and a beta of 0.65.
360 Finance (NASDAQ:QFIN) last released its earnings results on Thursday, May 28th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $1.35. 360 Finance had a net margin of 18.94% and a return on equity of 30.31%. The business had revenue of $449.11 million for the quarter. As a group, analysts forecast that 360 Finance will post 2.32 EPS for the current year.
A number of hedge funds have recently bought and sold shares of QFIN. FMR LLC grew its position in 360 Finance by 3.6% in the first quarter. FMR LLC now owns 1,061,095 shares of the company’s stock worth $16,447,000 after acquiring an additional 37,295 shares in the last quarter. State Street Corp grew its position in 360 Finance by 200.3% in the fourth quarter. State Street Corp now owns 89,194 shares of the company’s stock worth $871,000 after acquiring an additional 59,494 shares in the last quarter. Barclays PLC grew its position in 360 Finance by 86.4% in the fourth quarter. Barclays PLC now owns 20,500 shares of the company’s stock worth $200,000 after acquiring an additional 9,500 shares in the last quarter. Pictet Asset Management Ltd. bought a new stake in 360 Finance in the fourth quarter worth approximately $176,000. Finally, TT International grew its position in 360 Finance by 116.0% in the fourth quarter. TT International now owns 10,406,855 shares of the company’s stock worth $101,674,000 after acquiring an additional 5,588,260 shares in the last quarter. 34.35% of the stock is owned by institutional investors.
About 360 Finance
360 Finance, Inc operates a digital consumer finance platform in China. Its platform provides online consumer finance products to prime and underserved borrowers. The company was founded in 2016 and is headquartered in Shanghai, China.
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