Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 186.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 168,108 shares of the company's stock after acquiring an additional 109,418 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.10% of Qifu Technology worth $5,011,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Qifu Technology by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,651,879 shares of the company's stock valued at $85,734,000 after buying an additional 30,522 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of 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 acquiring an additional 109,809 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of 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 worth $40,818,000 after purchasing an additional 548,678 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Qifu Technology in the second quarter worth approximately $25,560,000. Finally, Acadian Asset Management LLC raised its stake in Qifu Technology by 1,789.1% in the second quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company's stock valued at $24,450,000 after purchasing an additional 1,174,824 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.

Qifu Technology Trading Down 0.6 %

Shares of QFIN traded down $0.21 during midday trading on Tuesday, reaching $35.97. The stock had a trading volume of 1,036,360 shares, compared to its average volume of 1,312,913. The company's 50-day moving average is $32.76 and its 200 day moving average is $25.48. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 7.27, a price-to-earnings-growth 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 $38.69.

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their price target on shares of Qifu Technology from $31.44 to $37.50 and gave the stock a "buy" rating in a research note 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.