Hel Ved Capital Management Ltd Sells 5,450 Shares of Qfin Holdings Inc. – Sponsored ADR $QFIN

Hel Ved Capital Management Ltd decreased its stake in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,550 shares of the company’s stock after selling 5,450 shares during the period. Qfin comprises 1.2% of Hel Ved Capital Management Ltd’s portfolio, making the stock its 21st largest holding. Hel Ved Capital Management Ltd’s holdings in Qfin were worth $4,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Keystone Investors PTE Ltd. bought a new stake in shares of Qfin during the 1st quarter valued at about $52,814,000. JPMorgan Chase & Co. increased its stake in shares of Qfin by 116.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,376,477 shares of the company’s stock worth $59,684,000 after purchasing an additional 740,888 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. raised its holdings in Qfin by 22.6% in the 2nd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,295,438 shares of the company’s stock worth $142,890,000 after purchasing an additional 606,446 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Qfin by 183.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 888,680 shares of the company’s stock valued at $39,911,000 after purchasing an additional 575,545 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Qfin by 20.8% during the first quarter. Alliancebernstein L.P. now owns 2,901,566 shares of the company’s stock valued at $130,309,000 after purchasing an additional 500,573 shares during the period. Institutional investors own 74.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Qfin from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings lowered Qfin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. downgraded Qfin from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $45.00 to $21.00 in a research note on Wednesday, November 19th. Finally, Zacks Research upgraded shares of Qfin from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $36.85.

Qfin Stock Up 7.3%

Shares of NASDAQ QFIN opened at $19.48 on Wednesday. The company has a market cap of $2.77 billion, a P/E ratio of 2.84, a PEG ratio of 0.19 and a beta of 0.39. The firm has a 50-day simple moving average of $25.51 and a two-hundred day simple moving average of $33.61. Qfin Holdings Inc. – Sponsored ADR has a 1 year low of $17.61 and a 1 year high of $48.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.94 and a quick ratio of 2.94.

Qfin (NASDAQ:QFIN) last released its earnings results 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 business had revenue of $731.04 million for the quarter, compared to the consensus estimate of $693.21 million. Research analysts anticipate that Qfin Holdings Inc. – Sponsored ADR will post 5.71 earnings per share for the current year.

Qfin Company 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.