BNP Paribas Financial Markets Purchases 128,789 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

BNP Paribas Financial Markets lifted its stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 53.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 370,467 shares of the company's stock after purchasing an additional 128,789 shares during the period. BNP Paribas Financial Markets owned 0.23% of Qifu Technology worth $11,044,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 worth $85,734,000 after acquiring an additional 30,522 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Qifu Technology by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,193,893 shares of the company's stock worth $43,262,000 after acquiring an additional 109,809 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Qifu Technology by 66.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company's stock worth $40,818,000 after purchasing an additional 548,678 shares during the period. AQR Capital Management LLC bought a new position in shares of Qifu Technology during the 2nd quarter valued at about $25,560,000. Finally, Acadian Asset Management LLC grew its position in shares of Qifu Technology by 1,789.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company's stock valued at $24,450,000 after purchasing an additional 1,174,824 shares during the period. 74.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Qifu Technology Price Performance

QFIN stock traded down $1.93 during trading hours on Monday, reaching $36.18. 1,791,791 shares of the stock were exchanged, compared to its average volume of 1,312,679. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 0.32 and a beta of 0.61. The firm's 50-day moving average is $32.56 and its 200-day moving average is $25.38. Qifu Technology, Inc. has a 12 month low of $13.71 and a 12 month high of $38.69.

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.