Connor Clark & Lunn Investment Management Ltd. Has $24.45 Million Stock Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Connor Clark & Lunn Investment Management Ltd. increased its position in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 148.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 820,343 shares of the company's stock after purchasing an additional 489,865 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.51% of Qifu Technology worth $24,454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in Qifu Technology in the third quarter valued at approximately $41,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Qifu Technology in the 2nd quarter valued at $31,000. Blue Trust Inc. boosted its position in shares of Qifu Technology by 598.4% in the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company's stock worth $32,000 after purchasing an additional 1,484 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Qifu Technology during the third quarter worth about $54,000. Finally, US Bancorp DE boosted its stake 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 acquiring an additional 765 shares during the last quarter. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qifu Technology Trading Up 8.9 %

NASDAQ:QFIN opened at $35.25 on Thursday. The stock has a 50-day moving average price of $30.83 and a two-hundred day moving average price of $24.50. Qifu Technology, Inc. has a 1 year low of $13.71 and a 1 year high of $35.44. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 0.44 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.