Shilanski & Associates Inc. Makes New Investment in Qifu Technology, Inc. (NASDAQ:QFIN)

Shilanski & Associates Inc. bought a new stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,451 shares of the company's stock, valued at approximately $327,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Qifu Technology by 5.8% in the 3rd quarter. State Street Corp now owns 2,324,831 shares of the company's stock worth $70,637,000 after buying an additional 128,381 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Qifu Technology by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,193,893 shares of the company's stock valued at $43,262,000 after purchasing an additional 109,809 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Qifu Technology by 66.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company's stock valued at $40,818,000 after buying an additional 548,678 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Qifu Technology in the 2nd quarter worth about $25,560,000. Finally, Geode Capital Management LLC boosted its stake in Qifu Technology by 3.2% in the third quarter. Geode Capital Management LLC now owns 1,309,635 shares of the company's stock valued at $38,866,000 after acquiring an additional 41,139 shares during the period. Institutional investors and hedge funds own 74.81% of the company's stock.

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 research report on Thursday, November 21st.

Qifu Technology Trading Up 5.4 %

Shares of NASDAQ QFIN traded up $2.04 during midday trading on Friday, reaching $40.03. The company's stock had a trading volume of 848,036 shares, compared to its average volume of 941,170. Qifu Technology, Inc. has a one year low of $13.71 and a one year high of $40.31. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 0.30 and a beta of 0.64. The company has a 50 day moving average price of $36.93 and a 200 day moving average price of $30.06.

Qifu Technology Company 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.