QRG Capital Management Inc. purchased a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,872 shares of the company’s stock, valued at approximately $351,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. abrdn plc raised its stake in shares of Qifu Technology by 1.8% during the 3rd quarter. abrdn plc now owns 86,850 shares of the company’s stock worth $1,334,000 after buying an additional 1,519 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Qifu Technology by 138.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 470,910 shares of the company’s stock worth $7,233,000 after purchasing an additional 273,500 shares in the last quarter. Capital Fund Management S.A. increased its position in Qifu Technology by 90.0% during the 2nd quarter. Capital Fund Management S.A. now owns 124,690 shares of the company’s stock worth $2,155,000 after purchasing an additional 59,076 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Qifu Technology by 56.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 193,266 shares of the company’s stock worth $2,969,000 after purchasing an additional 69,400 shares in the last quarter. Finally, First Beijing Investment Ltd purchased a new stake in Qifu Technology during the 2nd quarter worth about $50,280,000. Institutional investors and hedge funds own 64.21% of the company’s stock.
Qifu Technology Price Performance
QFIN opened at $15.75 on Friday. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 4.53, a price-to-earnings-growth ratio of 0.37 and a beta of 0.63. The business has a 50-day moving average of $14.85 and a two-hundred day moving average of $15.40. Qifu Technology, Inc. has a 12 month low of $13.12 and a 12 month high of $22.21.
Analyst Upgrades and Downgrades
Separately, Nomura began coverage on Qifu Technology in a research report on Monday, December 18th. They set a “buy” rating for the company.
Read Our Latest Research Report 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.
Further Reading
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