KBC Group NV Raises Stock Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

KBC Group NV grew its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 279.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,381 shares of the company's stock after buying an additional 26,061 shares during the period. KBC Group NV's holdings in Qifu Technology were worth $1,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its position in Qifu Technology by 5.8% during the third quarter. State Street Corp now owns 2,324,831 shares of the company's stock valued at $70,637,000 after purchasing an additional 128,381 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Qifu Technology by 66.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company's stock valued at $40,818,000 after purchasing an additional 548,678 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Qifu Technology by 3.2% in the third quarter. Geode Capital Management LLC now owns 1,309,635 shares of the company's stock worth $38,866,000 after buying an additional 41,139 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Qifu Technology by 148.2% during 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 buying an additional 489,865 shares during the last quarter. Finally, Swedbank AB boosted its position in Qifu Technology by 156.0% during the 3rd quarter. Swedbank AB now owns 754,300 shares of the company's stock valued at $22,486,000 after buying an additional 459,700 shares during the period. 74.81% of the stock is currently owned by hedge funds and other institutional investors.

Qifu Technology Price Performance

NASDAQ:QFIN traded down $0.88 during mid-day trading on Wednesday, reaching $40.10. 1,034,270 shares of the company's stock traded hands, compared to its average volume of 1,002,866. Qifu Technology, Inc. has a 12-month low of $13.81 and a 12-month high of $43.20. The company has a 50 day moving average price of $38.28 and a 200-day moving average price of $31.51. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.30 and a beta of 0.63.

Analysts Set New Price Targets

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.

Qifu Technology Company 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.