Natixis Advisors LLC Purchases Shares of 21,935 Qifu Technology, Inc. (NASDAQ:QFIN)

Natixis Advisors LLC bought a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,935 shares of the company's stock, valued at approximately $654,000.

A number of other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in Qifu Technology by 16.5% during the 3rd quarter. US Bancorp DE now owns 5,410 shares of the company's stock worth $161,000 after buying an additional 765 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Qifu Technology by 1.1% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 97,036 shares of the company's stock valued at $1,915,000 after acquiring an additional 1,012 shares during the period. Diversify Wealth Management LLC lifted its position in shares of Qifu Technology by 4.7% during the 3rd quarter. Diversify Wealth Management LLC now owns 28,389 shares of the company's stock valued at $846,000 after acquiring an additional 1,284 shares during the period. USA Financial Formulas acquired a new position in shares of Qifu Technology during the 3rd quarter valued at $41,000. Finally, Blue Trust Inc. lifted its position in shares of Qifu Technology by 598.4% during the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company's stock valued at $32,000 after acquiring an additional 1,484 shares during the period. Institutional investors and hedge funds own 74.81% of the company's stock.

Qifu Technology Stock Performance

QFIN traded up $2.20 on Thursday, reaching $37.88. The company had a trading volume of 1,645,258 shares, compared to its average volume of 1,311,999. Qifu Technology, Inc. has a 52-week low of $13.71 and a 52-week high of $37.96. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 0.31 and a beta of 0.61. The business has a 50 day simple moving average of $32.08 and a 200 day simple moving average of $25.11.

Analyst Ratings Changes

Separately, Citigroup upped their target price on shares of Qifu Technology from $31.44 to $37.50 and gave the stock a "buy" rating in a research note on Thursday, November 21st.

Qifu Technology 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.