Value Hunters: Look To 360 Finance Inc. (QFIN)

FIVE Stock
FIVE Stock

TT International Asset Management.. recently announced the acquisition of new stake in 360 Finance Inc. (NASDAQ:QFIN). The institutional investor has increased its shareholding in the Financial company by 4.01% to 11.73 million shares with purchase of 0.45 million shares. This fresh investment now brings its stake to 9.25% valued currently at $162.61 million. In addition, Keywise Capital Management (HK) L.. raised its holdings by 2.18 million to 2.18 million shares. And Morgan Stanley & Co. LLC has lifted its position by 3,151.96% or 2.01 million shares – to 2.08 million shares.

With over 1.24 million 360 Finance Inc. (QFIN) shares trading Monday and a closing price of $12.50 on the day, the dollar volume was approximately $15.5 million. The shares have shown a negative weekly performance of -11.28% and its price on 08/31/20 gained nearly 1.79%. Currently, there are 147.87M common shares owned by the public and among those 104.26M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for QFIN have a consensus price objective of $134.27. The analysts have set the share’s price value over the next 12 months at a high of $158.99 and a low of $110.60 should the stock experience a downside. Incidentally, analysts’ outlook for the 360 Finance Inc. stock is 1.60 for the next 12 months. The average price target is 37.81% above its last price level and an upside to the estimated low will see the stock gain 88.7% over that period. But an upside of 92.14% will see the stock hit the forecast high price target while mean target price for the stock is $132.37.

The top 3 mutual fund holders in 360 Finance Inc. are Fidelity China Special Situations, TT International Funds Plc – Emer, and TT International Funds Plc – Emer. Fidelity China Special Situations owns 1.23 million shares of the company’s stock, all valued at over $17.03 million. TT International Funds Plc – Emer sold 99343.0 shares to see its total holdings shrink to 0.91 million shares valued at over $12.56 million and representing 0.72% of the shares outstanding. TT International Funds Plc – Emer sold -0.11 million shares to bring its total holdings to over 0.9 million shares at a value of $12.42 million. TT International Funds Plc – Emer now owns shares totaling to 0.71% of the shares outstanding.

Shares of 360 Finance Inc. (NASDAQ: QFIN) opened at $12.40, up $0.12 from a prior closing price of $12.28. However, the script later closed the day at $12.50, up 1.79%. The company’s stock has a 5-day price change of -11.28% and 33.55% over the past three months. QFIN shares are trading 27.94% year to date (YTD), with the 12-month market performance up to 25.50% higher. It has a 12-month low price of $6.37 and touched a high of $18.06 over the same period. Currently, 1.24 million shares have been traded, compared to an average intraday trading volume of 1.65 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.17%, -5.90%, and 25.99% respectively.

Institutional ownership of 360 Finance Inc. (NASDAQ: QFIN) shares accounts for 40.20% of the company’s 147.87M shares outstanding. Mutual fund holders own 17.79%, while other institutional holders and individual stakeholders account for 5.90% and — respectively.

It has a market capitalization of $1.90B. The stock’s trailing 12-month PE ratio is 5.84, while the earnings-per-share (ttm) stands at $2.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.93% over the week and 8.79% over the month.

Analysts forecast that 360 Finance Inc. (QFIN) will achieve an EPS of $0.81 for the current quarter, $0.98 for the next quarter and $3.67 for 2021. The lowest estimate earnings-per-share for the quarter is $0.81 while analysts give the company a high EPS estimate of $0.81. Earnings per share for the fiscal year are expected to increase by 225.60%, and 38.23% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate 360 Finance Inc. (QFIN) as a “Strong Buy” at a consensus score of 1.60. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 0 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the QFIN, a number of firms have released research notes about the stock. CLSA stated their Buy rating for the stock in a research note on July 16, 2020, with the firm’s price target at $20. Morgan Stanley coverage for the 360 Finance Inc. (QFIN) stock in a research note released on April 24, 2020 offered a Overweight rating with a price target of.


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