Qifu Technology, Inc. (NASDAQ:QFIN) Stock Holdings Reduced by Serenity Capital Management PTE. LTD.

Serenity Capital Management PTE. LTD. lessened its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 50.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,050,997 shares of the company's stock after selling 1,085,815 shares during the quarter. Qifu Technology comprises 27.1% of Serenity Capital Management PTE. LTD.'s portfolio, making the stock its 2nd biggest holding. Serenity Capital Management PTE. LTD. owned approximately 0.67% of Qifu Technology worth $40,337,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of QFIN. Jones Financial Companies Lllp purchased a new stake in Qifu Technology during the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Qifu Technology in the third quarter valued at $30,000. Advisors Preferred LLC purchased a new stake in shares of Qifu Technology in the fourth quarter valued at $41,000. Global Retirement Partners LLC lifted its holdings in shares of Qifu Technology by 80.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,164 shares of the company's stock worth $45,000 after acquiring an additional 518 shares during the last quarter. Finally, BOCHK Asset Management Ltd purchased a new position in shares of Qifu Technology during the 4th quarter worth about $46,000. Institutional investors own 74.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America increased their price objective on shares of Qifu Technology from $50.66 to $52.70 and gave the stock a "buy" rating in a research report on Wednesday, March 26th.

Qifu Technology Stock Performance

Qifu Technology stock traded down $0.92 during mid-day trading on Friday, hitting $35.62. The company's stock had a trading volume of 1,392,952 shares, compared to its average volume of 1,535,131. Qifu Technology, Inc. has a one year low of $17.95 and a one year high of $48.94. The stock has a market cap of $5.61 billion, a PE ratio of 7.21, a P/E/G ratio of 0.32 and a beta of 0.53. The company has a 50 day moving average of $41.67 and a 200-day moving average of $38.00.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings data on Sunday, March 16th. The company reported $1.82 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.14. The company had revenue of $613.89 million during the quarter, compared to analyst estimates of $581.67 million. Qifu Technology had a net margin of 31.82% and a return on equity of 24.39%. On average, equities research analysts forecast that Qifu Technology, Inc. will post 5.71 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, April 23rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a yield of 2.5%. This is a boost from Qifu Technology's previous semi-annual dividend of $0.60. Qifu Technology's dividend payout ratio is 23.79%.

About Qifu Technology

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.