Qifu Technology, Inc. (NASDAQ:QFIN - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $39.97, but opened at $43.12. Qifu Technology shares last traded at $42.73, with a volume of 403,284 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Citigroup lifted their target price on Qifu Technology from $31.44 to $37.50 and gave the company a "buy" rating in a research report on Thursday, November 21st.
Get Our Latest Analysis on QFIN
Qifu Technology Trading Down 0.9 %
The stock has a market capitalization of $7.36 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 0.32 and a beta of 0.59. The company has a 50-day moving average price of $40.63 and a 200 day moving average price of $35.55.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. KBC Group NV purchased a new stake in Qifu Technology during the 3rd quarter valued at about $278,000. Natixis Advisors LLC purchased a new stake in Qifu Technology during the 3rd quarter valued at about $654,000. Claro Advisors LLC purchased a new stake in Qifu Technology during the 3rd quarter valued at about $285,000. LMR Partners LLP grew its stake in Qifu Technology by 3.0% during the 3rd quarter. LMR Partners LLP now owns 30,816 shares of the company's stock valued at $919,000 after purchasing an additional 892 shares during the last quarter. Finally, Wrapmanager Inc. purchased a new stake in Qifu Technology during the 3rd quarter valued at about $216,000. 74.81% of the stock is currently owned by hedge funds and other institutional investors.
About Qifu Technology
(
Get 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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