Federated Hermes Inc. Cuts Stake in Qfin Holdings Inc. – Sponsored ADR $QFIN

Federated Hermes Inc. trimmed its stake in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 25.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 171,489 shares of the company’s stock after selling 57,857 shares during the quarter. Federated Hermes Inc. owned about 0.12% of Qfin worth $4,935,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Personal CFO Solutions LLC raised its holdings in shares of Qfin by 6.9% in the 2nd quarter. Personal CFO Solutions LLC now owns 8,141 shares of the company’s stock worth $353,000 after purchasing an additional 526 shares during the period. iA Global Asset Management Inc. increased its position in Qfin by 250.2% during the 2nd quarter. iA Global Asset Management Inc. now owns 823 shares of the company’s stock worth $36,000 after purchasing an additional 588 shares in the last quarter. US Bancorp DE increased its position in Qfin by 4.1% during the 2nd quarter. US Bancorp DE now owns 15,508 shares of the company’s stock worth $672,000 after purchasing an additional 604 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Qfin by 472.9% in the second quarter. Hantz Financial Services Inc. now owns 739 shares of the company’s stock valued at $32,000 after buying an additional 610 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Qfin during the first quarter valued at approximately $29,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on QFIN shares. Zacks Research downgraded shares of Qfin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qfin in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. lowered Qfin from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $21.00 in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.85.

Qfin Price Performance

QFIN stock opened at $15.53 on Tuesday. The stock’s 50 day moving average is $18.39 and its two-hundred day moving average is $25.09. Qfin Holdings Inc. – Sponsored ADR has a 52-week low of $15.30 and a 52-week high of $48.94. The company has a market capitalization of $2.21 billion, a PE ratio of 2.26, a P/E/G ratio of 0.23 and a beta of 0.43. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.20.

Qfin (NASDAQ:QFIN) last announced its quarterly earnings data on Tuesday, November 18th. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.16). Qfin had a return on equity of 28.73% and a net margin of 35.09%.The company had revenue of $731.04 million for the quarter, compared to analyst estimates of $693.21 million. Analysts predict that Qfin Holdings Inc. – Sponsored ADR will post 5.71 earnings per share for the current fiscal year.

Qfin Company 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.