8,200 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB purchased a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 8,200 shares of the company's stock, valued at approximately $315,000.

A number of other institutional investors have also added to or reduced their stakes in the company. abrdn plc increased its holdings in Qifu Technology by 14.7% during the 4th quarter. abrdn plc now owns 167,937 shares of the company's stock worth $6,476,000 after purchasing an additional 21,521 shares in the last quarter. Swedbank AB lifted its position in shares of Qifu Technology by 18.7% during the fourth quarter. Swedbank AB now owns 895,300 shares of the company's stock worth $34,362,000 after acquiring an additional 141,000 shares in the last quarter. BOCHK Asset Management Ltd purchased a new stake in shares of Qifu Technology during the fourth quarter worth $46,000. KBC Group NV lifted its position in shares of Qifu Technology by 279.6% during the fourth quarter. KBC Group NV now owns 35,381 shares of the company's stock worth $1,358,000 after acquiring an additional 26,061 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Qifu Technology by 63.2% in the fourth quarter. Blue Trust Inc. now owns 9,329 shares of the company's stock worth $358,000 after buying an additional 3,612 shares in the last quarter. 74.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Citigroup increased their price objective on Qifu Technology from $31.44 to $37.50 and gave the stock a "buy" rating in a research report on Thursday, November 21st.

Qifu Technology Stock Performance

QFIN traded up $0.16 during trading on Monday, reaching $43.14. The stock had a trading volume of 990,939 shares, compared to its average volume of 1,011,652. The stock has a market cap of $6.80 billion, a PE ratio of 8.73, a PEG ratio of 0.32 and a beta of 0.63. Qifu Technology, Inc. has a one year low of $14.29 and a one year high of $44.00. The business has a 50-day moving average of $38.47 and a 200-day moving average of $31.83.

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.