Asset Management One Co. Ltd. Acquires 13,170 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Asset Management One Co. Ltd. increased its holdings in Qifu Technology, Inc. (NASDAQ:QFIN) by 66.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,873 shares of the company’s stock after purchasing an additional 13,170 shares during the period. Asset Management One Co. Ltd.’s holdings in Qifu Technology were worth $1,255,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of QFIN. Robeco Institutional Asset Management B.V. increased its position in Qifu Technology by 66.9% in the third 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. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Qifu Technology by 148.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,343 shares of the company’s stock worth $24,454,000 after buying an additional 489,865 shares during the period. Swedbank AB boosted its stake in Qifu Technology by 156.0% during the third quarter. Swedbank AB now owns 754,300 shares of the company’s stock worth $22,486,000 after buying an additional 459,700 shares during the period. Point72 Hong Kong Ltd boosted its stake in Qifu Technology by 443.0% during the third quarter. Point72 Hong Kong Ltd now owns 535,498 shares of the company’s stock worth $15,963,000 after buying an additional 436,882 shares during the period. Finally, Artemis Investment Management LLP purchased a new position in Qifu Technology during the fourth quarter worth $12,493,000. Institutional investors own 74.81% of the company’s stock.

Qifu Technology Stock Down 3.7 %

NASDAQ QFIN opened at $42.42 on Friday. The company has a fifty day moving average of $39.62 and a two-hundred day moving average of $33.24. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 0.34 and a beta of 0.63. Qifu Technology, Inc. has a 52 week low of $15.06 and a 52 week high of $46.25.

Analyst Ratings Changes

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

About Qifu Technology

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.