Los Angeles Capital Management LLC Raises Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

Los Angeles Capital Management LLC grew its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 54.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 149,255 shares of the company's stock after acquiring an additional 52,814 shares during the period. Los Angeles Capital Management LLC owned about 0.09% of Qifu Technology worth $4,449,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of QFIN. Ashton Thomas Private Wealth LLC purchased a new position in Qifu Technology in the second quarter worth $31,000. Blue Trust Inc. grew its holdings in shares of Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company's stock valued at $32,000 after buying an additional 1,484 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Qifu Technology during the third quarter valued at $41,000. Signaturefd LLC grew its holdings in shares of Qifu Technology by 67.3% during the second quarter. Signaturefd LLC now owns 7,283 shares of the company's stock valued at $144,000 after buying an additional 2,931 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Qifu Technology by 16.5% during the third quarter. US Bancorp DE now owns 5,410 shares of the company's stock valued at $161,000 after buying an additional 765 shares during the last quarter. Institutional investors own 74.81% of the company's stock.

Qifu Technology Stock Down 1.1 %

Shares of QFIN traded down $0.33 during trading hours on Wednesday, reaching $30.36. 989,969 shares of the company traded hands, compared to its average volume of 1,295,827. The stock has a market capitalization of $4.90 billion, a P/E ratio of 7.30, a P/E/G ratio of 0.42 and a beta of 0.61. Qifu Technology, Inc. has a 12-month low of $13.71 and a 12-month high of $35.23. The business has a fifty day moving average price of $30.31 and a 200-day moving average price of $24.12.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.99 by $0.23. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. The company had revenue of $572.44 million for the quarter, compared to analyst estimates of $582.69 million. As a group, research analysts predict that Qifu Technology, Inc. will post 5.04 EPS for the current fiscal year.

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.