Principal Financial Group Inc. Has $1.31 Million Stock Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

Principal Financial Group Inc. lowered its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 96.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,900 shares of the company's stock after selling 1,061,706 shares during the period. Principal Financial Group Inc.'s holdings in Qifu Technology were worth $1,309,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in shares of Qifu Technology by 29.9% during the second quarter. Bank of New York Mellon Corp now owns 124,713 shares of the company's stock worth $2,461,000 after buying an additional 28,675 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Qifu Technology during the second quarter valued at approximately $3,503,000. Acadian Asset Management LLC raised its position in shares of 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. Ashton Thomas Private Wealth LLC bought a new position in shares of Qifu Technology during the second quarter worth about $31,000. Finally, Prudential PLC boosted its stake in Qifu Technology by 634.1% during 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 during the period. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Citigroup boosted their price objective 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 Stock Down 0.1 %

Qifu Technology stock traded down $0.02 on Friday, hitting $38.67. The company's stock had a trading volume of 712,096 shares, compared to its average volume of 680,298. The firm has a market cap of $6.24 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 0.33 and a beta of 0.64. Qifu Technology, Inc. has a one year low of $13.71 and a one year high of $40.31. The company has a fifty day moving average price of $35.71 and a 200-day moving average price of $28.46.

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.