Wellington Management Group LLP Has $6.85 Million Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Wellington Management Group LLP grew its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 238.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 229,908 shares of the company's stock after buying an additional 162,043 shares during the period. Wellington Management Group LLP owned approximately 0.14% of Qifu Technology worth $6,854,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. State Street Corp raised its stake in shares of Qifu Technology by 5.8% in the 3rd quarter. State Street Corp now owns 2,324,831 shares of the company's stock valued at $70,637,000 after buying an additional 128,381 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Qifu Technology by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,193,893 shares of the company's stock worth $43,262,000 after purchasing an additional 109,809 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in 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 during the period. AQR Capital Management LLC acquired a new stake in Qifu Technology during the second quarter valued at approximately $25,560,000. Finally, Acadian Asset Management LLC grew its stake in shares of Qifu Technology by 1,789.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company's stock valued at $24,450,000 after purchasing an additional 1,174,824 shares during the period. Institutional investors and hedge funds own 74.81% of the company's stock.

Analysts Set New Price Targets

Separately, Citigroup upped their price target on Qifu Technology from $31.44 to $37.50 and gave the company a "buy" rating in a research report on Thursday, November 21st.

Qifu Technology Price Performance

Shares of NASDAQ QFIN traded up $1.49 during midday trading on Tuesday, hitting $39.79. The stock had a trading volume of 2,343,417 shares, compared to its average volume of 1,331,621. The firm has a market cap of $6.42 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 0.33 and a beta of 0.64. Qifu Technology, Inc. has a fifty-two week low of $13.71 and a fifty-two week high of $40.31. The company's 50-day simple moving average is $34.19 and its 200 day simple moving average is $26.70.

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.