Geode Capital Management LLC raised its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,309,635 shares of the company's stock after purchasing an additional 41,139 shares during the quarter. Geode Capital Management LLC owned 0.81% of Qifu Technology worth $38,866,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Natixis Advisors LLC acquired a new stake in Qifu Technology during the third quarter worth $654,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Qifu Technology by 148.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,343 shares of the company's stock valued at $24,454,000 after acquiring an additional 489,865 shares in the last quarter. Point72 Hong Kong Ltd boosted its position in shares of Qifu Technology by 443.0% during the 3rd quarter. Point72 Hong Kong Ltd now owns 535,498 shares of the company's stock valued at $15,963,000 after acquiring an additional 436,882 shares in the last quarter. AQR Capital Management LLC bought a new stake in Qifu Technology in the second quarter valued at about $25,560,000. Finally, Hsbc Holdings PLC raised its position in Qifu Technology by 9.8% in the second quarter. Hsbc Holdings PLC now owns 424,904 shares of the company's stock worth $8,377,000 after purchasing an additional 37,948 shares in the last quarter. Institutional investors and hedge funds own 74.81% of the company's stock.
Wall Street Analyst Weigh In
Separately, Citigroup lifted their price objective on Qifu Technology from $31.44 to $37.50 and gave the company a "buy" rating in a report on Thursday, November 21st.
View Our Latest Analysis on QFIN
Qifu Technology Price Performance
Shares of QFIN traded down $0.20 during trading hours on Wednesday, hitting $38.00. The stock had a trading volume of 337,948 shares, compared to its average volume of 1,328,509. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 0.33 and a beta of 0.64. The company's fifty day moving average is $34.94 and its two-hundred day moving average is $27.49. Qifu Technology, Inc. has a 52 week low of $13.71 and a 52 week high of $40.31.
Qifu Technology Company Profile
(
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.
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