Jupiter Asset Management Ltd. Boosts Stock Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Jupiter Asset Management Ltd. grew its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 217.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,800 shares of the company's stock after acquiring an additional 180,700 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.17% of Qifu Technology worth $10,125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Qifu Technology by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,309,635 shares of the company's stock valued at $38,866,000 after purchasing an additional 41,139 shares in the last quarter. Natixis Advisors LLC bought a new stake in shares of Qifu Technology during the third quarter worth about $654,000. Asset Management One Co. Ltd. raised its holdings in shares of Qifu Technology by 66.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,873 shares of the company's stock worth $1,255,000 after acquiring an additional 13,170 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Qifu Technology by 148.2% in 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 acquiring an additional 489,865 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Qifu Technology during the 3rd quarter valued at about $1,061,000. 74.81% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Separately, Citigroup raised their target price on Qifu Technology from $31.44 to $37.50 and gave the company a "buy" rating in a report on Thursday, November 21st.

Qifu Technology Stock Performance

QFIN traded up $3.22 during mid-day trading on Friday, reaching $43.19. 1,781,865 shares of the stock were exchanged, compared to its average volume of 1,247,144. Qifu Technology, Inc. has a 1 year low of $17.76 and a 1 year high of $46.25. The stock has a market capitalization of $6.81 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 0.32 and a beta of 0.59. The company has a 50 day moving average price of $40.41 and a two-hundred day moving average price of $35.33.

About Qifu Technology

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.