China Crackdown is Crushing These 5 Stocks

3. 360 DigiTech, Inc. (NASDAQ:QFIN)

Number of Hedge Fund Holders: 14 

Percentage Decline in Share Price Over Past Three Months: 49%

360 DigiTech, Inc. (NASDAQ:QFIN) is a Shanghai-based company that owns and operates a digital consumer finance platform. It is ranked third on our list of 10 stocks that the China crackdown is crushing.

On August 2, investment advisory CLSA maintained a Buy rating on 360 DigiTech, Inc. (NASDAQ:QFIN) stock but lowered the price target to $27 from $39, predicting a lower take rate and slower loan growth for the firm in the coming months. 

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm GLG Partners is a leading shareholder in 360 DigiTech, Inc. (NASDAQ:QFIN) with 516,372 shares worth more than $21 million.