Panview Capital Ltd Has $39.82 Million Position in Qfin Holdings Inc. – Sponsored ADR $QFIN

Panview Capital Ltd raised its holdings in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 65.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 918,316 shares of the company’s stock after purchasing an additional 363,316 shares during the period. Qfin accounts for about 12.7% of Panview Capital Ltd’s portfolio, making the stock its 4th largest position. Panview Capital Ltd’s holdings in Qfin were worth $39,818,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in QFIN. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Qfin by 193.7% in the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 82,378 shares of the company’s stock worth $3,571,000 after purchasing an additional 54,325 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in Qfin by 929.7% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 155,944 shares of the company’s stock worth $6,762,000 after purchasing an additional 140,800 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Qfin by 6.1% during the 1st quarter. Bank of New York Mellon Corp now owns 125,955 shares of the company’s stock valued at $5,657,000 after purchasing an additional 7,197 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Qfin by 3.2% during the first quarter. Citigroup Inc. now owns 277,647 shares of the company’s stock worth $12,469,000 after buying an additional 8,515 shares during the period. Finally, Virtus Family Office LLC acquired a new position in shares of Qfin in the 2nd quarter valued at $1,428,000. Institutional investors own 74.81% of the company’s stock.

Qfin Stock Performance

NASDAQ:QFIN opened at $22.28 on Friday. The company has a market cap 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 Holdings Inc. – Sponsored ADR has a twelve month low of $20.45 and a twelve month high of $48.94. The company’s 50-day moving average price is $27.34 and its 200-day moving average price is $35.41. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.20.

Qfin (NASDAQ:QFIN) last released its earnings results on Thursday, August 14th. The company reported $1.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.01). The business had revenue of $728.00 million during the quarter, compared to analysts’ expectations of $4.68 billion. Qfin had a return on equity of 30.74% and a net margin of 38.66%. On average, sell-side analysts forecast that Qfin Holdings Inc. – Sponsored ADR will post 5.71 earnings per share for the current fiscal year.

Qfin Increases Dividend

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

Wall Street Analyst Weigh In

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

Qfin Profile

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.