B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 15,883 Qifu Technology, Inc. (NASDAQ:QFIN)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,883 shares of the company's stock, valued at approximately $473,000.

A number of other hedge funds also recently made changes to their positions in QFIN. Vanguard Group Inc. boosted its stake in Qifu Technology by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,651,879 shares of the company's stock valued at $85,734,000 after acquiring an additional 30,522 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Qifu Technology by 8.3% during the first quarter. California State Teachers Retirement System now owns 62,922 shares of the company's stock worth $1,160,000 after purchasing an additional 4,799 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Qifu Technology by 1.1% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 97,036 shares of the company's stock worth $1,915,000 after purchasing an additional 1,012 shares in the last quarter. SG Americas Securities LLC increased its holdings in Qifu Technology by 3.1% in the second quarter. SG Americas Securities LLC now owns 62,547 shares of the company's stock valued at $1,234,000 after buying an additional 1,864 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company's stock valued at $32,000 after buying an additional 1,484 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup boosted their price target on Qifu Technology from $31.44 to $37.50 and gave the company a "buy" rating in a report on Thursday.

Qifu Technology Trading Down 2.0 %

QFIN traded down $0.68 on Monday, hitting $33.85. 2,257,279 shares of the company's stock were exchanged, compared to its average volume of 1,307,722. The stock has a fifty day moving average of $31.43 and a two-hundred day moving average of $24.82. Qifu Technology, Inc. has a twelve month low of $13.71 and a twelve month high of $35.44. The firm has a market cap of $5.46 billion, a PE ratio of 6.99, a P/E/G ratio of 0.31 and a beta of 0.61.

Qifu Technology Company 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.