Robeco Institutional Asset Management B.V. Has $12.89 Million Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Robeco Institutional Asset Management B.V. reduced its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 75.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 335,781 shares of the company's stock after selling 1,033,497 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.21% of Qifu Technology worth $12,887,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its position in Qifu Technology by 115.5% during the 2nd quarter. Sei Investments Co. now owns 36,059 shares of the company's stock worth $711,000 after acquiring an additional 19,327 shares in the last quarter. Millennium Management LLC raised its position in shares of Qifu Technology by 35.5% during the 2nd quarter. Millennium Management LLC now owns 1,198,882 shares of the company's stock valued at $23,654,000 after acquiring an additional 314,323 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Qifu Technology by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 421,578 shares of the company's stock worth $8,318,000 after purchasing an additional 2,844 shares during the last quarter. Creative Planning boosted its holdings in Qifu Technology by 36.1% in the second quarter. Creative Planning now owns 27,031 shares of the company's stock worth $533,000 after purchasing an additional 7,163 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Qifu Technology by 3.2% during the third quarter. SG Americas Securities LLC now owns 64,555 shares of the company's stock worth $1,924,000 after purchasing an additional 2,008 shares during the period. 74.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup lifted their price objective on shares of 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 Stock Performance

Shares of NASDAQ QFIN traded up $1.03 during mid-day trading on Tuesday, reaching $40.98. The company had a trading volume of 877,787 shares, compared to its average volume of 1,001,434. The stock has a fifty day moving average of $38.24 and a two-hundred day moving average of $31.45. Qifu Technology, Inc. has a 12-month low of $13.71 and a 12-month high of $43.20. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.30 and a beta of 0.63.

Qifu Technology 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.