Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Given Consensus Recommendation of “Reduce” by Brokerages

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFINGet Free Report) has been given an average rating of “Reduce” by the eight analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.2883.

Several brokerages recently issued reports on QFIN. Citigroup cut shares of Qfin from a “buy” rating to a “sell” rating and set a $8.00 price objective for the company. in a research note on Wednesday, August 26th. Bank of America reissued a “neutral” rating and issued a $15.33 target price on shares of Qfin in a research note on Wednesday, May 27th. JPMorgan Chase & Co. cut Qfin from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $13.50 to $9.00 in a report on Wednesday, August 26th. Jefferies Financial Group restated a “buy” rating and issued a $15.40 price target on shares of Qfin in a research report on Wednesday, August 26th. Finally, Morgan Stanley cut Qfin from an “overweight” rating to an “equal weight” rating and set a $13.00 price target for the company. in a report on Wednesday, August 26th.

Check Out Our Latest Report on Qfin

Qfin Trading Up 2.0%

Shares of QFIN opened at $8.72 on Friday. Qfin has a 52-week low of $8.35 and a 52-week high of $32.69. The stock has a market cap of $1.06 billion, a PE ratio of 2.10 and a beta of 0.57. The firm’s fifty day moving average is $12.76 and its two-hundred day moving average is $13.58. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.03.

Qfin (NASDAQ:QFINGet Free Report) last issued its earnings results on Friday, August 14th. The company reported $0.55 EPS for the quarter. The business had revenue of $524.96 million during the quarter. Qfin had a net margin of 22.23% and a return on equity of 15.23%. Research analysts forecast that Qfin will post 2.85 earnings per share for the current fiscal year.

Qfin Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 1st. Shareholders of record on Wednesday, September 9th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a dividend yield of 1,032.0%. Qfin’s dividend payout ratio (DPR) is 37.02%.

Insider Activity

In related news, Director Xiaohuan Chen purchased 4,000 shares of Qfin stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average price of $14.41 per share, for a total transaction of $57,640.00. Following the acquisition, the director directly owned 19,000 shares in the company, valued at approximately $273,790. The trade was a 26.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Qfin

Several hedge funds and other institutional investors have recently bought and sold shares of QFIN. FountainVest China Capital Partners GP3 Ltd. purchased a new position in Qfin during the second quarter worth about $95,483,341. Triata Capital Ltd grew its stake in shares of Qfin by 188.3% in the 4th quarter. Triata Capital Ltd now owns 3,125,331 shares of the company’s stock valued at $60,225,000 after buying an additional 2,041,351 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Qfin by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,988,999 shares of the company’s stock valued at $38,350,000 after buying an additional 176,754 shares during the period. Bank of America Corp DE grew its stake in shares of Qfin by 48.5% in the 1st quarter. Bank of America Corp DE now owns 1,987,457 shares of the company’s stock valued at $25,658,000 after buying an additional 649,492 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Qfin by 198.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,842,278 shares of the company’s stock worth $35,501,000 after buying an additional 1,224,164 shares during the last quarter. 74.81% of the stock is currently owned by institutional investors and hedge funds.

About Qfin

(Get Free Report)

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.

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Analyst Recommendations for Qfin (NASDAQ:QFIN)

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