Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN – Get Free Report) Director Xiaohuan Chen purchased 4,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was purchased at an average price of $14.41 per share, with a total value of $57,640.00. Following the completion of the transaction, the director owned 19,000 shares of the company’s stock, valued at approximately $273,790. This trade represents a 26.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Xiaohuan Chen also recently made the following trade(s):
- On Friday, March 27th, Xiaohuan Chen bought 190,000 shares of Qfin stock. The stock was purchased at an average cost of $12.89 per share, with a total value of $2,449,100.00.
Qfin Price Performance
Shares of Qfin stock opened at $14.83 on Thursday. The stock’s 50-day simple moving average is $13.64 and its 200-day simple moving average is $15.64. Qfin Holdings Inc. – Sponsored ADR has a 52 week low of $11.31 and a 52 week high of $46.18. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 2.72, a PEG ratio of 0.27 and a beta of 0.61. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.03.
Qfin Announces Dividend
The firm also recently announced a dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 22nd were paid a dividend of $0.78 per share. This represents a yield of 1,176.0%. The ex-dividend date of this dividend was Wednesday, April 22nd. Qfin’s dividend payout ratio (DPR) is 28.21%.
Institutional Investors Weigh In On Qfin
Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Qfin in the 1st quarter valued at about $29,000. SBI Securities Co. Ltd. increased its stake in Qfin by 6,796.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,931 shares of the company’s stock worth $37,000 after acquiring an additional 1,903 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Qfin by 415.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,636 shares of the company’s stock worth $51,000 after acquiring an additional 2,125 shares during the last quarter. Parallel Advisors LLC increased its stake in Qfin by 24.1% during the fourth quarter. Parallel Advisors LLC now owns 3,373 shares of the company’s stock worth $65,000 after acquiring an additional 656 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Qfin by 23.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,358 shares of the company’s stock worth $103,000 after acquiring an additional 1,016 shares during the last quarter. 74.81% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Weiss Ratings downgraded Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Bank of America reissued a “neutral” rating and set a $15.33 target price on shares of Qfin in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group decreased their target price on Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $19.91.
View Our Latest Stock Analysis on QFIN
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.
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