Qifu Technology, Inc. (NASDAQ:QFIN) Shares Bought by State Street Corp

State Street Corp increased its position in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,324,831 shares of the company's stock after acquiring an additional 128,381 shares during the period. State Street Corp owned approximately 1.44% of Qifu Technology worth $70,637,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of QFIN. US Bancorp DE increased its stake in shares of Qifu Technology by 16.5% in the third 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 period. LMR Partners LLP grew its holdings in Qifu Technology by 3.0% in the 3rd quarter. LMR Partners LLP now owns 30,816 shares of the company's stock worth $919,000 after buying an additional 892 shares in the last quarter. Diversify Wealth Management LLC increased its position in Qifu Technology by 4.7% in the 3rd quarter. Diversify Wealth Management LLC now owns 28,389 shares of the company's stock valued at $846,000 after acquiring an additional 1,284 shares during the period. Quantinno Capital Management LP raised its stake in Qifu Technology by 9.2% during the 3rd 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 in the last quarter. Finally, USA Financial Formulas acquired a new position in Qifu Technology during the 3rd quarter worth $41,000. 74.81% of the stock is currently owned by institutional investors.

Qifu Technology Stock Performance

Shares of QFIN stock traded down $2.13 during midday trading on Wednesday, reaching $37.66. 1,296,556 shares of the company were exchanged, compared to its average volume of 1,332,240. The company's 50 day moving average price is $34.36 and its two-hundred day moving average price is $26.85. The company has a market cap of $6.08 billion, a P/E ratio of 7.62, a PEG ratio of 0.33 and a beta of 0.64. Qifu Technology, Inc. has a 12 month low of $13.71 and a 12 month high of $40.31.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised their price target on Qifu Technology from $31.44 to $37.50 and gave the company a "buy" rating in a report on Thursday, November 21st.

About Qifu Technology

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.