UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 31,871 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 317,521 shares of the company's stock after selling 31,871 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of Qifu Technology worth $9,465,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Qifu Technology by 5.3% during 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 during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Qifu Technology by 66.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company's stock worth $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 during the 2nd quarter worth approximately $25,560,000. Acadian Asset Management LLC lifted its position in shares of Qifu Technology by 1,789.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company's stock worth $24,450,000 after buying an additional 1,174,824 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Qifu Technology by 35.5% during the 2nd quarter. Millennium Management LLC now owns 1,198,882 shares of the company's stock worth $23,654,000 after buying an additional 314,323 shares in the last quarter. Institutional investors and hedge funds own 74.81% of the company's stock.

Qifu Technology Stock Performance

Shares of Qifu Technology stock traded up $2.11 during mid-day trading on Monday, hitting $38.94. 1,907,044 shares of the stock were exchanged, compared to its average volume of 1,324,488. Qifu Technology, Inc. has a 12 month low of $13.71 and a 12 month high of $40.31. The company has a 50-day simple moving average of $33.60 and a 200 day simple moving average of $26.06. The company has a market capitalization of $6.28 billion, a P/E ratio of 7.88, a P/E/G ratio of 0.31 and a beta of 0.64.

Analyst Ratings Changes

Separately, Citigroup lifted their target price on shares of 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 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.