Separately, ValuEngine raised shares of 360 Finance from a hold rating to a buy rating in a report on Thursday, January 16th.
Shares of 360 Finance stock opened at $8.73 on Tuesday. The firm has a fifty day moving average price of $9.41 and a 200 day moving average price of $9.42. 360 Finance has a 1 year low of $7.76 and a 1 year high of $24.45. The stock has a market cap of $1.28 billion, a PE ratio of 3.38 and a beta of 0.52.
Institutional investors have recently modified their holdings of the stock. TT International increased its holdings in 360 Finance by 116.0% in the fourth quarter. TT International now owns 10,406,855 shares of the company’s stock valued at $101,674,000 after buying an additional 5,588,260 shares in the last quarter. FMR LLC increased its holdings in 360 Finance by 1.1% in the fourth quarter. FMR LLC now owns 5,638,892 shares of the company’s stock valued at $55,092,000 after buying an additional 63,878 shares in the last quarter. Aspex Management HK Ltd purchased a new position in 360 Finance in the fourth quarter valued at $32,107,000. FIL Ltd purchased a new position in 360 Finance in the fourth quarter valued at $10,969,000. Finally, Ovata Capital Management Ltd purchased a new position in 360 Finance in the fourth quarter valued at $9,770,000. 9.06% of the stock is owned by hedge funds and other institutional investors.
About 360 Finance
360 Finance, Inc operates a digital consumer finance platform in China. Its platform provides online consumer finance products to prime and underserved borrowers. The company was founded in 2016 and is headquartered in Shanghai, China.
Recommended Story: What are some reasons analysts would give stocks a buy rating?
Receive News & Ratings for 360 Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 360 Finance and related companies with MarketBeat.com's FREE daily email newsletter.