TT International Asset Management LTD Sells 797,288 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

TT International Asset Management LTD lessened its position in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 75.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 255,081 shares of the company's stock after selling 797,288 shares during the period. Qifu Technology comprises approximately 0.9% of TT International Asset Management LTD's holdings, making the stock its 18th biggest holding. TT International Asset Management LTD owned about 0.16% of Qifu Technology worth $7,603,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in Qifu Technology by 8.3% in the 1st quarter. California State Teachers Retirement System now owns 62,922 shares of the company's stock valued at $1,160,000 after acquiring an additional 4,799 shares during the period. SG Americas Securities LLC raised its position in shares of Qifu Technology by 3.1% during the second quarter. SG Americas Securities LLC now owns 62,547 shares of the company's stock worth $1,234,000 after acquiring an additional 1,864 shares during the last quarter. Blue Trust Inc. raised its position in shares of Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company's stock worth $32,000 after acquiring an additional 1,484 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Qifu Technology by 29.9% in the second quarter. Bank of New York Mellon Corp now owns 124,713 shares of the company's stock worth $2,461,000 after purchasing an additional 28,675 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Qifu Technology by 23.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,690 shares of the company's stock worth $1,158,000 after purchasing an additional 11,092 shares in the last quarter. Institutional investors and hedge funds own 74.81% of the company's stock.

Qifu Technology Stock Up 0.3 %

NASDAQ:QFIN traded up $0.10 during trading hours on Wednesday, hitting $38.17. 384,526 shares of the company's stock traded hands, compared to its average volume of 1,320,921. The business's fifty day simple moving average is $33.75 and its two-hundred day simple moving average is $26.19. Qifu Technology, Inc. has a 52 week low of $13.71 and a 52 week high of $40.31. The firm has a market cap of $6.16 billion, a P/E ratio of 7.71, a P/E/G ratio of 0.31 and a beta of 0.64.

Analyst Ratings Changes

Separately, Citigroup boosted 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.

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.