Stifel Financial Corp Sells 1,494 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Stifel Financial Corp cut its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 6.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,005 shares of the company’s stock after selling 1,494 shares during the quarter. Stifel Financial Corp’s holdings in Qifu Technology were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in QFIN. Dimensional Fund Advisors LP lifted its position in Qifu Technology by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,193,893 shares of the company’s stock valued at $43,262,000 after buying an additional 109,809 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Qifu Technology by 66.9% in 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 acquiring an additional 548,678 shares in the last quarter. AQR Capital Management LLC purchased a new position in Qifu Technology during the 2nd quarter valued at about $25,560,000. Acadian Asset Management LLC boosted its stake in Qifu Technology by 1,789.1% during the second quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company’s stock worth $24,450,000 after acquiring an additional 1,174,824 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Qifu Technology by 35.5% during the second quarter. Millennium Management LLC now owns 1,198,882 shares of the company’s stock worth $23,654,000 after acquiring an additional 314,323 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Qifu Technology Trading Down 0.5 %

NASDAQ QFIN opened at $38.00 on Thursday. The stock’s fifty day moving average price is $34.94 and its 200-day moving average price is $27.49. The stock has a market cap of $6.13 billion, a P/E ratio of 7.69, a P/E/G ratio of 0.33 and a beta of 0.64. Qifu Technology, Inc. has a 12 month low of $13.71 and a 12 month high of $40.31.

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.