165,100 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new position in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 165,100 shares of the company's stock, valued at approximately $4,922,000. Point72 Asset Management L.P. owned 0.10% of Qifu Technology at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. AQR Capital Management LLC purchased a new position in shares of Qifu Technology in the second quarter worth approximately $25,560,000. Acadian Asset Management LLC increased its holdings in Qifu Technology by 1,789.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company's stock worth $24,450,000 after purchasing an additional 1,174,824 shares during the period. Prudential PLC raised its holdings in shares of Qifu Technology by 634.1% in the 2nd quarter. Prudential PLC now owns 956,998 shares of the company's stock valued at $18,882,000 after purchasing an additional 826,631 shares in the last quarter. Marshall Wace LLP boosted its position in Qifu Technology by 557.5% during the second quarter. Marshall Wace LLP now owns 776,457 shares of the company's stock valued at $15,319,000 after purchasing an additional 658,366 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Qifu Technology by 66.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company's stock worth $40,818,000 after purchasing an additional 548,678 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.

Qifu Technology Stock Performance

Qifu Technology stock traded up $2.37 during midday trading on Monday, hitting $39.20. 1,521,399 shares of the company's stock were exchanged, compared to its average volume of 1,318,828. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.31 and a beta of 0.64. The firm's 50 day simple moving average is $33.42 and its 200 day simple moving average is $25.92. Qifu Technology, Inc. has a 12-month low of $13.71 and a 12-month high of $40.31.

Analysts Set New Price Targets

Separately, Citigroup upped their target price 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 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.