E Fund Management Hong Kong Co. Ltd. trimmed its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 21.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,829 shares of the company's stock after selling 18,120 shares during the quarter. Qifu Technology accounts for approximately 2.1% of E Fund Management Hong Kong Co. Ltd.'s holdings, making the stock its 10th largest position. E Fund Management Hong Kong Co. Ltd.'s holdings in Qifu Technology were worth $2,603,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Qifu Technology in the third quarter worth about $30,000. USA Financial Formulas purchased a new position in shares of Qifu Technology in the third quarter worth approximately $41,000. Point72 DIFC Ltd purchased a new position in shares of Qifu Technology in the third quarter worth approximately $43,000. Venturi Wealth Management LLC bought a new stake in Qifu Technology during the third quarter valued at approximately $54,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in Qifu Technology by 474.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,293 shares of the company's stock valued at $158,000 after buying an additional 4,372 shares during the last quarter. 74.81% of the stock is currently owned by hedge funds and other institutional investors.
Qifu Technology Price Performance
Shares of QFIN stock traded up $1.03 during trading hours on Monday, reaching $40.96. 1,690,306 shares of the company traded hands, compared to its average volume of 1,014,622. The firm has a 50-day moving average price of $37.29 and a 200 day moving average price of $30.40. The company has a market cap of $6.46 billion, a P/E ratio of 8.29, a P/E/G ratio of 0.30 and a beta of 0.64. Qifu Technology, Inc. has a 12-month low of $13.71 and a 12-month high of $41.30.
Analyst Ratings Changes
Separately, Citigroup boosted their price objective on shares of Qifu Technology from $31.44 to $37.50 and gave the company a "buy" rating in a research report on Thursday, November 21st.
Get Our Latest Analysis on QFIN
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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