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Sanctuary Advisors LLC Makes New Investment in Qifu Technology, Inc. (NASDAQ:QFIN)

Qifu Technology logo with Business Services background

Sanctuary Advisors LLC purchased a new stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,597 shares of the company's stock, valued at approximately $1,061,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QFIN. US Bancorp DE lifted its holdings in shares of Qifu Technology by 16.5% in the 3rd quarter. US Bancorp DE now owns 5,410 shares of the company's stock valued at $161,000 after purchasing an additional 765 shares during the last quarter. LMR Partners LLP increased its stake in Qifu Technology by 3.0% in the 3rd quarter. LMR Partners LLP now owns 30,816 shares of the company's stock valued at $919,000 after buying an additional 892 shares during the period. XTX Topco Ltd increased its stake in shares of Qifu Technology by 9.1% during the third 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. Diversify Wealth Management LLC raised its stake in shares of Qifu Technology by 4.7% during the 3rd quarter. Diversify Wealth Management LLC now owns 28,389 shares of the company's stock worth $846,000 after buying an additional 1,284 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Qifu Technology by 9.2% in the third quarter. Quantinno Capital Management LP now owns 16,456 shares of the company's stock valued at $491,000 after acquiring an additional 1,380 shares during the period. 74.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Citigroup lifted their price target 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.

Get Our Latest Stock Analysis on QFIN

Qifu Technology Stock Up 0.9 %

Shares of QFIN traded up $0.34 during mid-day trading on Friday, reaching $38.25. 1,820,548 shares of the company's stock were exchanged, compared to its average volume of 1,334,999. Qifu Technology, Inc. has a 52-week low of $13.71 and a 52-week high of $40.31. The company has a 50-day simple moving average of $34.70 and a two-hundred day simple moving average of $27.24. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 0.33 and a beta of 0.64.

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.

See Also

Institutional Ownership by Quarter for Qifu Technology (NASDAQ:QFIN)

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