Qifu Technology, Inc. (NASDAQ:QFIN) Shares Bought by Swedbank AB

Swedbank AB lifted its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 895,300 shares of the company's stock after buying an additional 141,000 shares during the quarter. Swedbank AB owned 0.57% of Qifu Technology worth $34,362,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of QFIN. Sei Investments Co. lifted its holdings in Qifu Technology by 115.5% in the 2nd quarter. Sei Investments Co. now owns 36,059 shares of the company's stock worth $711,000 after buying an additional 19,327 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Qifu Technology by 35.5% in the second quarter. Millennium Management LLC now owns 1,198,882 shares of the company's stock worth $23,654,000 after acquiring an additional 314,323 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Qifu Technology by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 421,578 shares of the company's stock worth $8,318,000 after acquiring an additional 2,844 shares in 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 valued at $533,000 after purchasing an additional 7,163 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Qifu Technology by 3.2% during the 3rd quarter. SG Americas Securities LLC now owns 64,555 shares of the company's stock valued at $1,924,000 after purchasing an additional 2,008 shares in the last quarter. 74.81% of the stock is currently owned by hedge funds and other institutional investors.

Qifu Technology Trading Up 0.1 %

NASDAQ QFIN traded up $0.06 during trading hours on Monday, reaching $39.96. 897,577 shares of the company traded hands, compared to its average volume of 994,266. The company has a 50 day moving average of $38.01 and a two-hundred day moving average of $31.14. The stock has a market capitalization of $6.30 billion, a PE ratio of 8.09, a PEG ratio of 0.30 and a beta of 0.64. Qifu Technology, Inc. has a 12 month low of $13.71 and a 12 month high of $43.20.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their target price on 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 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.