Asset Management One Co. Ltd. boosted its position in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 66.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,873 shares of the company's stock after purchasing an additional 13,170 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Qifu Technology were worth $1,255,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in Qifu Technology in the third quarter worth about $30,000. Advisors Preferred LLC bought a new position in Qifu Technology in the fourth quarter worth about $41,000. BOCHK Asset Management Ltd bought a new position in Qifu Technology in the fourth quarter worth about $46,000. Point72 DIFC Ltd bought a new position in Qifu Technology in the third quarter worth about $43,000. Finally, Venturi Wealth Management LLC bought a new position in Qifu Technology in the third quarter worth about $54,000. 74.81% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Citigroup boosted their target price on shares of Qifu Technology from $31.44 to $37.50 and gave the stock a "buy" rating in a report on Thursday, November 21st.
View Our Latest Analysis on QFIN
Qifu Technology Trading Down 1.1 %
Shares of QFIN stock traded down $0.48 during trading hours on Friday, reaching $41.94. 1,354,315 shares of the company's stock were exchanged, compared to its average volume of 1,189,017. Qifu Technology, Inc. has a 1 year low of $15.06 and a 1 year high of $46.25. The stock has a market cap of $6.61 billion, a PE ratio of 8.49, a PEG ratio of 0.33 and a beta of 0.63. The stock's fifty day moving average price is $39.62 and its two-hundred day moving average price is $33.24.
About Qifu Technology
(
Free Report)
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.
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