EverSource Wealth Advisors LLC Boosts Stake in Qifu Technology, Inc. (NASDAQ:QFIN)

EverSource Wealth Advisors LLC boosted its holdings in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 4,272.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,302 shares of the company's stock after acquiring an additional 7,135 shares during the quarter. EverSource Wealth Advisors LLC's holdings in Qifu Technology were worth $280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QFIN. Jones Financial Companies Lllp bought a new position in Qifu Technology in the 4th quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB purchased a new stake in Qifu Technology during the 3rd quarter valued at $30,000. Advisors Preferred LLC purchased a new stake in Qifu Technology during the 4th quarter valued at $41,000. Point72 DIFC Ltd purchased a new stake in Qifu Technology during the 3rd quarter valued at $43,000. Finally, Global Retirement Partners LLC raised its stake in Qifu Technology by 80.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,164 shares of the company's stock valued at $45,000 after buying an additional 518 shares during the last quarter. 74.81% of the stock is owned by institutional investors.

Qifu Technology Stock Up 2.1 %

QFIN traded up $0.97 during mid-day trading on Wednesday, reaching $47.66. 1,621,791 shares of the company traded hands, compared to its average volume of 1,314,484. The stock has a market capitalization of $7.51 billion, a P/E ratio of 9.65, a P/E/G ratio of 0.32 and a beta of 0.59. The company's fifty day moving average price is $40.82 and its 200-day moving average price is $35.69. Qifu Technology, Inc. has a 52-week low of $17.76 and a 52-week high of $48.78.

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Wall Street Analysts Forecast Growth

Separately, Citigroup boosted their target price 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 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.