US Bancorp DE Raises Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

US Bancorp DE boosted its position in Qifu Technology, Inc. (NASDAQ:QFIN) by 16.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,410 shares of the company’s stock after purchasing an additional 765 shares during the quarter. US Bancorp DE’s holdings in Qifu Technology were worth $161,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QFIN. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Qifu Technology by 1.1% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 97,036 shares of the company’s stock valued at $1,915,000 after purchasing an additional 1,012 shares during the last quarter. Diversify Wealth Management LLC increased its stake in shares of Qifu Technology by 4.7% in the 3rd quarter. Diversify Wealth Management LLC now owns 28,389 shares of the company’s stock worth $846,000 after acquiring an additional 1,284 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Qifu Technology in the 3rd quarter worth $41,000. Blue Trust Inc. raised its holdings in shares of Qifu Technology by 598.4% during the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after acquiring an additional 1,484 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Qifu Technology during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Trading Down 3.3 %

Shares of QFIN opened at $29.37 on Friday. Qifu Technology, Inc. has a 12-month low of $13.71 and a 12-month high of $35.23. The firm has a market capitalization of $4.74 billion, a P/E ratio of 7.06, a P/E/G ratio of 0.42 and a beta of 0.61. The firm has a 50-day moving average price of $30.31 and a 200 day moving average price of $24.12.

Qifu Technology (NASDAQ:QFIN) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.23. The business had revenue of $572.44 million during the quarter, compared to analysts’ expectations of $582.69 million. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. Equities research analysts predict that Qifu Technology, Inc. will post 5.04 earnings per share for the current fiscal year.

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.