Handelsinvest Investeringsforvaltning increased its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN – Free Report) by 14.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,828 shares of the company’s stock after purchasing an additional 1,353 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Qifu Technology were worth $200,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in Qifu Technology by 83.9% during the fourth quarter. Parallel Advisors LLC now owns 2,426 shares of the company’s stock worth $38,000 after purchasing an additional 1,107 shares during the last quarter. Janiczek Wealth Management LLC increased its position in shares of Qifu Technology by 131.4% during the first quarter. Janiczek Wealth Management LLC now owns 2,386 shares of the company’s stock valued at $44,000 after acquiring an additional 1,355 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Qifu Technology during the third quarter valued at about $51,000. BOCHK Asset Management Ltd acquired a new stake in shares of Qifu Technology during the fourth quarter valued at about $95,000. Finally, Barometer Capital Management Inc. acquired a new stake in shares of Qifu Technology during the fourth quarter valued at about $127,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.
Qifu Technology Price Performance
Shares of QFIN opened at $20.38 on Thursday. The stock has a market cap of $3.29 billion, a PE ratio of 5.28, a P/E/G ratio of 0.43 and a beta of 0.61. The firm has a 50-day simple moving average of $19.90 and a two-hundred day simple moving average of $17.53. Qifu Technology, Inc. has a 1-year low of $13.68 and a 1-year high of $21.57.
Analyst Upgrades and Downgrades
Separately, Citigroup lifted their price target on shares of Qifu Technology from $23.54 to $23.80 and gave the company a “buy” rating in a research report on Thursday, March 14th.
View Our Latest Stock Report on QFIN
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.
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