Skandinaviska Enskilda Banken AB publ grew its stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,654 shares of the company's stock after buying an additional 40,554 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.17% of Qifu Technology worth $10,360,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Wrapmanager Inc. raised its stake in Qifu Technology by 4.1% during the 4th quarter. Wrapmanager Inc. now owns 7,554 shares of the company's stock valued at $290,000 after purchasing an additional 296 shares during the period. Global Retirement Partners LLC raised its stake in Qifu Technology by 80.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,164 shares of the company's stock valued at $45,000 after purchasing an additional 518 shares during the period. DGS Capital Management LLC grew its holdings in Qifu Technology by 5.9% during the 4th quarter. DGS Capital Management LLC now owns 11,413 shares of the company's stock valued at $438,000 after buying an additional 631 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Qifu Technology during the 4th quarter valued at approximately $29,000. Finally, US Bancorp DE grew its holdings in Qifu Technology by 16.5% during the 3rd quarter. US Bancorp DE now owns 5,410 shares of the company's stock valued at $161,000 after buying an additional 765 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company's stock.
Qifu Technology Stock Up 2.1 %
QFIN traded up $0.97 during trading hours on Wednesday, reaching $47.66. 1,917,558 shares of the company's stock traded hands, compared to its average volume of 1,315,662. The firm has a 50-day moving average price of $40.82 and a 200 day moving average price of $35.69. Qifu Technology, Inc. has a 52-week low of $17.76 and a 52-week high of $48.78. The firm has a market capitalization of $7.51 billion, a PE ratio of 9.65, a PEG ratio of 0.32 and a beta of 0.59.
Wall Street Analyst Weigh In
Separately, Citigroup lifted their target price on Qifu Technology from $31.44 to $37.50 and gave the stock a "buy" rating in a report on Thursday, November 21st.
Check Out Our Latest Analysis on Qifu Technology
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.
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