National Bank of Canada FI Boosts Stock Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

National Bank of Canada FI grew its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 20.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,910 shares of the company's stock after purchasing an additional 37,110 shares during the period. National Bank of Canada FI owned approximately 0.13% of Qifu Technology worth $6,406,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. USA Financial Formulas bought a new stake in Qifu Technology during the third quarter worth about $41,000. Point72 DIFC Ltd bought a new stake in Qifu Technology during the third quarter valued at approximately $43,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Qifu Technology in the second quarter worth approximately $31,000. Blue Trust Inc. boosted its position 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 worth $32,000 after acquiring an additional 1,484 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of Qifu Technology during the third quarter worth $54,000. Institutional investors own 74.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup upped their price target 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 Price Performance

Shares of Qifu Technology stock traded up $1.26 during trading on Friday, hitting $38.85. The stock had a trading volume of 1,640,686 shares, compared to its average volume of 1,324,636. Qifu Technology, Inc. has a 12 month low of $13.71 and a 12 month high of $40.31. The firm's fifty day simple moving average is $33.96 and its 200-day simple moving average is $26.35. The stock has a market cap of $6.27 billion, a PE ratio of 7.86, a PEG ratio of 0.32 and a beta of 0.64.

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.