NS Partners Ltd Makes New $17.18 Million Investment in Qifu Technology, Inc. (NASDAQ:QFIN)

NS Partners Ltd acquired a new stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 447,547 shares of the company's stock, valued at approximately $17,177,000. NS Partners Ltd owned 0.28% of Qifu Technology at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of QFIN. US Bancorp DE grew its holdings in Qifu Technology by 16.5% in the third quarter. US Bancorp DE now owns 5,410 shares of the company's stock valued at $161,000 after purchasing an additional 765 shares during the period. Los Angeles Capital Management LLC grew its holdings in Qifu Technology by 54.8% in the third quarter. Los Angeles Capital Management LLC now owns 149,255 shares of the company's stock valued at $4,449,000 after purchasing an additional 52,814 shares during the period. Venturi Wealth Management LLC acquired a new stake in Qifu Technology in the third quarter valued at approximately $54,000. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Qifu Technology by 41.7% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 109,561 shares of the company's stock valued at $3,266,000 after purchasing an additional 32,248 shares during the period. Finally, KBC Group NV acquired a new stake in Qifu Technology in the third quarter valued at approximately $278,000. 74.81% of the stock is owned by institutional investors and hedge funds.

Qifu Technology Stock Performance

Shares of NASDAQ:QFIN traded down $0.32 during trading on Wednesday, reaching $40.43. The stock had a trading volume of 1,232,269 shares, compared to its average volume of 1,235,418. The business has a fifty day moving average price of $40.26 and a 200-day moving average price of $35.07. The stock has a market cap of $6.37 billion, a PE ratio of 8.18, a PEG ratio of 0.32 and a beta of 0.59. Qifu Technology, Inc. has a 1-year low of $16.47 and a 1-year high of $46.25.

Remove Ads

Wall Street Analyst Weigh In

Separately, Citigroup lifted their price target on Qifu Technology from $31.44 to $37.50 and gave the stock a "buy" rating in a research note on Thursday, November 21st.

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.