8,124 Shares in Qfin Holdings Inc. – Sponsored ADR $QFIN Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,124 shares of the company’s stock, valued at approximately $352,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd raised its holdings 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 during the period. Y Intercept Hong Kong Ltd raised its holdings in Qfin by 929.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 155,944 shares of the company’s stock valued at $6,762,000 after buying an additional 140,800 shares during the period. Bank of New York Mellon Corp lifted its position in Qfin by 6.1% during the first quarter. Bank of New York Mellon Corp now owns 125,955 shares of the company’s stock valued at $5,657,000 after buying an additional 7,197 shares in the last quarter. Citigroup Inc. grew its stake in 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 stake in shares of Qfin in the second quarter worth $1,428,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on QFIN shares. Zacks Research cut Qfin from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Wall Street Zen lowered Qfin from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Finally, Weiss Ratings downgraded Qfin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Qfin presently has a consensus rating of “Hold” and a consensus target price of $51.73.

Qfin Stock Performance

QFIN opened at $22.44 on Monday. The business has a 50 day moving average price of $26.74 and a two-hundred day moving average price of $34.74. Qfin Holdings Inc. – Sponsored ADR has a 1-year low of $20.45 and a 1-year high of $48.94. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 3.17, a price-to-earnings-growth ratio of 0.23 and a beta of 0.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.48 and a quick ratio of 3.48.

Qfin (NASDAQ:QFIN) last issued 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). Qfin had a return on equity of 30.74% and a net margin of 38.66%.The business had revenue of $728.00 million for the quarter, compared to the consensus estimate of $4.68 billion. Research analysts predict that Qfin Holdings Inc. – Sponsored ADR will post 5.71 EPS for the current fiscal 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.