Principal Financial Group Inc. reduced its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 96.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,900 shares of the company's stock after selling 1,061,706 shares during the quarter. Principal Financial Group Inc.'s holdings in Qifu Technology were worth $1,309,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in Qifu Technology during the 2nd quarter worth approximately $31,000. Blue Trust Inc. increased its holdings in Qifu Technology by 598.4% during the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company's stock worth $32,000 after purchasing an additional 1,484 shares in the last quarter. USA Financial Formulas bought a new stake in Qifu Technology during the 3rd quarter worth approximately $41,000. Signaturefd LLC increased its holdings in Qifu Technology by 67.3% during the 2nd quarter. Signaturefd LLC now owns 7,283 shares of the company's stock worth $144,000 after purchasing an additional 2,931 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Qifu Technology by 16.5% during the 3rd quarter. US Bancorp DE now owns 5,410 shares of the company's stock worth $161,000 after purchasing an additional 765 shares in the last quarter. 74.81% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Citigroup boosted their price objective on Qifu Technology from $31.44 to $37.50 and gave the stock a "buy" rating in a report on Thursday.
Check Out Our Latest Stock Report on QFIN
Qifu Technology Trading Down 1.9 %
Shares of QFIN stock traded down $0.68 during trading on Friday, hitting $34.53. The company's stock had a trading volume of 2,099,752 shares, compared to its average volume of 1,227,558. The company has a market cap of $5.57 billion, a PE ratio of 6.99, a P/E/G ratio of 0.32 and a beta of 0.61. The business has a fifty day moving average of $31.43 and a 200-day moving average of $24.79. Qifu Technology, Inc. has a 52 week low of $13.71 and a 52 week high of $35.44.
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.
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