Ground Swell Capital LLC Purchases New Shares in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN)

Ground Swell Capital LLC purchased a new stake in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 6,509 shares of the company’s stock, valued at approximately $292,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GeoWealth Management LLC acquired a new position in shares of Qfin in the 4th quarter valued at $26,000. Virtus Investment Advisers Inc. acquired a new stake in Qfin during the 4th quarter worth about $61,000. State of Wyoming acquired a new stake in Qfin during the 4th quarter worth about $97,000. Caitong International Asset Management Co. Ltd acquired a new stake in Qfin during the 1st quarter worth about $108,000. Finally, Headlands Technologies LLC acquired a new stake in Qfin during the 1st quarter worth about $151,000. Institutional investors and hedge funds own 74.81% of the company’s stock.

Qfin Stock Up 2.2%

Shares of QFIN stock opened at $34.86 on Thursday. The stock’s 50 day simple moving average is $40.22 and its 200 day simple moving average is $41.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.08 and a current ratio of 3.08. Qfin Holdings Inc. – Sponsored ADR has a twelve month low of $22.08 and a twelve month high of $48.94. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 5.35, a PEG ratio of 0.42 and a beta of 0.39.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings data on Monday, May 19th. The company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.02. Qfin had a return on equity of 29.73% and a net margin of 38.99%. The business had revenue of $646.19 million for the quarter, compared to the consensus estimate of $4.61 billion. As a group, research analysts predict that Qfin Holdings Inc. – Sponsored ADR will post 5.71 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Qfin in a report on Wednesday, July 2nd. They set an “overweight” rating and a $65.00 price target for the company. Wall Street Zen lowered Qfin from a “strong-buy” rating to a “buy” rating in a report on Friday, July 18th.

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.