Qfin Holdings Inc. – Sponsored ADR $QFIN Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 39.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,762 shares of the company’s stock after selling 70,252 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.08% of Qfin worth $2,096,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Qfin in the first quarter valued at about $29,000. PNC Financial Services Group Inc. boosted its holdings in shares of Qfin by 38.0% in the third quarter. PNC Financial Services Group Inc. now owns 4,342 shares of the company’s stock valued at $125,000 after acquiring an additional 1,195 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Qfin by 703.2% in the third quarter. Farther Finance Advisors LLC now owns 4,538 shares of the company’s stock valued at $131,000 after acquiring an additional 3,973 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Qfin by 59.2% in the fourth quarter. Signaturefd LLC now owns 6,982 shares of the company’s stock valued at $135,000 after acquiring an additional 2,597 shares in the last quarter. Finally, Legacy Financial Advisors Inc. purchased a new stake in shares of Qfin in the third quarter valued at about $201,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Qfin news, Director Xiaohuan Chen purchased 190,000 shares of Qfin stock in a transaction on Friday, March 27th. The shares were bought at an average price of $12.89 per share, with a total value of $2,449,100.00. Following the completion of the acquisition, the director directly owned 190,000 shares of the company’s stock, valued at approximately $2,449,100. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

QFIN has been the topic of several analyst reports. Weiss Ratings downgraded shares of Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Jefferies Financial Group lowered their target price on shares of Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Qfin presently has a consensus rating of “Reduce” and an average target price of $22.20.

Qfin Stock Up 1.8%

QFIN stock opened at $14.13 on Friday. The company has a market cap of $2.01 billion, a P/E ratio of 2.29, a P/E/G ratio of 0.26 and a beta of 0.51. Qfin Holdings Inc. – Sponsored ADR has a 52 week low of $12.29 and a 52 week high of $47.00. The company’s 50-day moving average price is $14.19 and its 200 day moving average price is $18.55. The company has a current ratio of 2.43, a quick ratio of 2.94 and a debt-to-equity ratio of 0.07.

Qfin (NASDAQ:QFIN) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.59 EPS for the quarter. The firm had revenue of $584.98 million for the quarter. Qfin had a net margin of 31.13% and a return on equity of 24.97%. On average, research analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 5.71 earnings per share for the current fiscal year.

Qfin Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 22nd will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a yield of 1,143.0%. Qfin’s payout ratio is currently 24.35%.

About Qfin

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.