Diversified Trust Co Increases Stock Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

Diversified Trust Co lifted its stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 64.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,233 shares of the company's stock after purchasing an additional 16,478 shares during the period. Diversified Trust Co's holdings in Qifu Technology were worth $1,621,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in shares of Qifu Technology during the 2nd quarter worth $25,560,000. Marshall Wace LLP lifted its stake in Qifu Technology by 557.5% in the second quarter. Marshall Wace LLP now owns 776,457 shares of the company's stock worth $15,319,000 after acquiring an additional 658,366 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Qifu Technology by 66.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company's stock worth $40,818,000 after acquiring an additional 548,678 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Qifu Technology by 148.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,343 shares of the company's stock valued at $24,454,000 after purchasing an additional 489,865 shares during the period. Finally, Swedbank AB increased its position in Qifu Technology by 156.0% during the 3rd quarter. Swedbank AB now owns 754,300 shares of the company's stock valued at $22,486,000 after purchasing an additional 459,700 shares during the period. Hedge funds and other institutional investors own 74.81% of the company's stock.

Wall Street Analyst Weigh In

Separately, Citigroup increased their price objective 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 Trading Up 1.8 %

Shares of NASDAQ:QFIN traded up $0.68 on Thursday, reaching $37.51. The company had a trading volume of 791,657 shares, compared to its average volume of 815,211. The firm has a market capitalization of $6.05 billion, a PE ratio of 7.59, a PEG ratio of 0.33 and a beta of 0.64. Qifu Technology, Inc. has a 52-week low of $13.71 and a 52-week high of $40.31. The firm's 50 day simple moving average is $35.87 and its 200-day simple moving average is $28.83.

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.