Qfin (NASDAQ:QFIN) Shares Gap Down – Time to Sell?
by Jessica Moore · The Cerbat GemQfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $13.85, but opened at $13.13. Qfin shares last traded at $13.3390, with a volume of 143,531 shares changing hands.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Weiss Ratings cut shares of Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. Jefferies Financial Group cut their target price on shares of Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $22.20.
Get Our Latest Stock Report on Qfin
Qfin Stock Down 4.6%
The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.94 and a current ratio of 2.43. The firm’s 50-day moving average is $14.09 and its two-hundred day moving average is $18.17. The stock has a market cap of $1.88 billion, a P/E ratio of 2.15, a PEG ratio of 0.26 and a beta of 0.51.
Qfin (NASDAQ:QFIN – Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.59 earnings per share for the quarter. Qfin had a net margin of 31.13% and a return on equity of 24.97%. The firm had revenue of $584.98 million during the quarter. On average, equities research analysts anticipate that Qfin Holdings Inc. – Sponsored ADR will post 3.82 earnings per share for the current year.
Qfin Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 22nd will be given a $0.78 dividend. This represents a yield of 1,180.0%. The ex-dividend date is Wednesday, April 22nd. Qfin’s payout ratio is 24.35%.
Insiders Place Their Bets
In related news, Director Xiaohuan Chen acquired 190,000 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The stock was purchased at an average price of $12.89 per share, for a total transaction of $2,449,100.00. Following the transaction, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.10% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. APEIRON CAPITAL Ltd raised its position in Qfin by 0.4% in the 1st quarter. APEIRON CAPITAL Ltd now owns 1,032,055 shares of the company’s stock worth $13,324,000 after purchasing an additional 4,600 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Qfin by 813.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,669 shares of the company’s stock worth $90,000 after acquiring an additional 4,158 shares during the period. Empowered Funds LLC acquired a new stake in Qfin during the 4th quarter worth $202,000. XTX Topco Ltd grew its holdings in Qfin by 123.8% during the 4th quarter. XTX Topco Ltd now owns 37,511 shares of the company’s stock worth $723,000 after acquiring an additional 20,747 shares during the period. Finally, Voloridge Investment Management LLC grew its holdings in Qfin by 124.1% during the 4th quarter. Voloridge Investment Management LLC now owns 1,163,392 shares of the company’s stock worth $22,419,000 after acquiring an additional 644,171 shares during the period. Institutional investors own 74.81% of the company’s stock.
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.