Rhumbline Advisers lifted its stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 36.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,988 shares of the company's stock after buying an additional 6,721 shares during the period. Rhumbline Advisers' holdings in Qifu Technology were worth $959,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. DGS Capital Management LLC boosted its stake in Qifu Technology by 5.9% during the 4th quarter. DGS Capital Management LLC now owns 11,413 shares of the company's stock worth $438,000 after purchasing an additional 631 shares during the period. US Bancorp DE boosted its stake 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 during the period. Lester Murray Antman dba SimplyRich boosted its stake in Qifu Technology by 5.7% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 14,288 shares of the company's stock worth $548,000 after purchasing an additional 768 shares during the period. LMR Partners LLP boosted 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 worth $919,000 after purchasing an additional 892 shares during the period. Finally, XTX Topco Ltd lifted its stake in shares of Qifu Technology by 9.1% in the 3rd quarter. XTX Topco Ltd now owns 11,913 shares of the company's stock worth $355,000 after acquiring an additional 997 shares during the period. Institutional investors and hedge funds own 74.81% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Citigroup raised their target price on shares of Qifu Technology from $31.44 to $37.50 and gave the stock a "buy" rating in a research note on Thursday, November 21st.
Read Our Latest Stock Analysis on QFIN
Qifu Technology Price Performance
Shares of QFIN stock traded down $0.85 during mid-day trading on Friday, hitting $40.52. The stock had a trading volume of 1,290,051 shares, compared to its average volume of 1,224,113. Qifu Technology, Inc. has a fifty-two week low of $15.16 and a fifty-two week high of $46.25. The firm has a market cap of $6.39 billion, a PE ratio of 8.20, a PEG ratio of 0.32 and a beta of 0.59. The company's 50-day simple moving average is $40.20 and its 200-day simple moving average is $34.87.
Qifu Technology Company Profile
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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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