Qfin Holdings Inc. – Sponsored ADR $QFIN Shares Purchased by Yunqi Capital Ltd

Yunqi Capital Ltd raised its holdings in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 41.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,024,630 shares of the company’s stock after purchasing an additional 300,000 shares during the period. Qfin comprises approximately 31.7% of Yunqi Capital Ltd’s holdings, making the stock its largest holding. Yunqi Capital Ltd owned about 0.65% of Qfin worth $44,428,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Qfin by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,572,985 shares of the company’s stock valued at $205,373,000 after acquiring an additional 31,155 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Qfin by 20.8% during the 1st quarter. Alliancebernstein L.P. now owns 2,901,566 shares of the company’s stock worth $130,309,000 after acquiring an additional 500,573 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Qfin by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,603,830 shares of the company’s stock valued at $72,028,000 after purchasing an additional 395,589 shares in the last quarter. Swedbank AB lifted its position in shares of Qfin by 2.6% during the second quarter. Swedbank AB now owns 1,336,400 shares of the company’s stock worth $57,946,000 after purchasing an additional 34,500 shares during the last quarter. Finally, Keystone Investors PTE Ltd. bought a new stake in Qfin in the first quarter valued at about $52,814,000. Institutional investors and hedge funds own 74.81% of the company’s stock.

Analysts Set New Price Targets

QFIN has been the topic of several research analyst reports. Wall Street Zen cut Qfin from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings lowered shares of Qfin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Finally, Zacks Research downgraded shares of Qfin from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Qfin has an average rating of “Hold” and a consensus target price of $51.73.

Qfin Stock Down 1.3%

Qfin stock opened at $22.28 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.48 and a current ratio of 3.48. Qfin Holdings Inc. – Sponsored ADR has a one year low of $20.45 and a one year high of $48.94. The company has a 50-day simple moving average of $27.34 and a 200-day simple moving average of $35.41. The firm has a market capitalization of $3.16 billion, a P/E ratio of 3.15, a P/E/G ratio of 0.24 and a beta of 0.39.

Qfin (NASDAQ:QFIN) last posted its earnings results on Thursday, August 14th. The company reported $1.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.01). Qfin had a net margin of 38.66% and a return on equity of 30.74%. The firm had revenue of $728.00 million for the quarter, compared to analyst estimates of $4.68 billion. As a group, equities analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 5.71 earnings per share for the current year.

Qfin Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 8th were given a dividend of $0.76 per share. This is a boost from Qfin’s previous semi-annual dividend of $0.70. The ex-dividend date was Monday, September 8th. This represents a yield of 541.0%. Qfin’s payout ratio is presently 21.19%.

About Qfin

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.