Janney Montgomery Scott LLC acquired a new stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,863 shares of the company's stock, valued at approximately $340,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in Qifu Technology in the third quarter valued at approximately $30,000. Point72 DIFC Ltd purchased a new stake in shares of Qifu Technology during the third quarter worth $43,000. Venturi Wealth Management LLC purchased a new stake in shares of Qifu Technology during the third quarter worth $54,000. Atomi Financial Group Inc. purchased a new stake in shares of Qifu Technology during the fourth quarter worth $202,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of Qifu Technology by 474.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,293 shares of the company's stock worth $158,000 after acquiring an additional 4,372 shares during the period. Hedge funds and other institutional investors own 74.81% of the company's stock.
Qifu Technology Stock Performance
Shares of Qifu Technology stock traded up $0.25 during trading hours on Friday, reaching $44.26. 1,933,799 shares of the company were exchanged, compared to its average volume of 1,141,943. Qifu Technology, Inc. has a 1 year low of $14.88 and a 1 year high of $46.25. The stock's fifty day moving average is $39.01 and its 200 day moving average is $32.40. The firm has a market cap of $6.98 billion, a PE ratio of 8.96, a PEG ratio of 0.32 and a beta of 0.63.
Analyst Upgrades and Downgrades
Separately, Citigroup upped 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.
Read Our Latest Analysis on QFIN
Qifu Technology Company Profile
(
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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