Daiwa Securities Group Inc. Has $361,000 Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Daiwa Securities Group Inc. grew its position in Qifu Technology, Inc. (NASDAQ:QFIN) by 18.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,100 shares of the company’s stock after purchasing an additional 1,900 shares during the period. Daiwa Securities Group Inc.’s holdings in Qifu Technology were worth $361,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in QFIN. Vanguard Group Inc. lifted its holdings in Qifu Technology by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,651,879 shares of the company’s stock worth $85,734,000 after buying an additional 30,522 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Qifu Technology by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,193,893 shares of the company’s stock worth $43,262,000 after purchasing an additional 109,809 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in 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 purchasing an additional 548,678 shares during the last quarter. AQR Capital Management LLC acquired a new position in Qifu Technology during the 2nd quarter valued at about $25,560,000. Finally, Acadian Asset Management LLC lifted its position in 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 valued at $24,450,000 after purchasing an additional 1,174,824 shares during the period. Institutional investors own 74.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup raised their target price on Qifu Technology from $31.44 to $37.50 and gave the stock a “buy” rating in a report on Thursday, November 21st.

Qifu Technology Trading Up 0.6 %

NASDAQ QFIN opened at $38.11 on Monday. The firm has a market capitalization of $6.15 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 0.32 and a beta of 0.61. The firm’s fifty day moving average price is $32.56 and its two-hundred day moving average price is $25.38. Qifu Technology, Inc. has a 1 year low of $13.71 and a 1 year high of $38.69.

Qifu Technology 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.