Public Employees Retirement System of Ohio bought a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 284,701 shares of the company's stock, valued at approximately $8,487,000. Public Employees Retirement System of Ohio owned approximately 0.18% of Qifu Technology as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the business. Dorsey Wright & Associates increased its holdings in Qifu Technology by 13.4% in the 3rd quarter. Dorsey Wright & Associates now owns 131,812 shares of the company's stock valued at $3,929,000 after buying an additional 15,585 shares during the period. XTX Topco Ltd increased its stake in Qifu Technology by 9.1% in the third quarter. XTX Topco Ltd now owns 11,913 shares of the company's stock valued at $355,000 after acquiring an additional 997 shares during the last quarter. National Bank of Canada FI increased its stake in Qifu Technology by 20.9% in the third quarter. National Bank of Canada FI now owns 214,910 shares of the company's stock valued at $6,406,000 after acquiring an additional 37,110 shares during the last quarter. Wellington Management Group LLP raised its position in Qifu Technology by 238.8% during the third quarter. Wellington Management Group LLP now owns 229,908 shares of the company's stock valued at $6,854,000 after purchasing an additional 162,043 shares in the last quarter. Finally, Wolverine Trading LLC bought a new position in shares of Qifu Technology in the 3rd quarter valued at $253,000. Institutional investors own 74.81% of the company's stock.
Qifu Technology Price Performance
QFIN stock traded up $1.26 during trading on Friday, reaching $38.85. 1,640,806 shares of the company were exchanged, compared to its average volume of 1,324,636. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.32 and a beta of 0.64. The company has a 50-day moving average of $33.96 and a two-hundred day moving average of $26.35. Qifu Technology, Inc. has a twelve month low of $13.71 and a twelve month high of $40.31.
Wall Street Analyst Weigh In
Separately, Citigroup raised their price objective on Qifu Technology from $31.44 to $37.50 and gave the company a "buy" rating in a research note on Thursday, November 21st.
Check Out Our Latest Stock Report on Qifu Technology
About Qifu Technology
(
Free Report)
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.
Featured Articles
Before you consider Qifu Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Qifu Technology wasn't on the list.
While Qifu Technology currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
