Sanctuary Advisors LLC Cuts Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

Sanctuary Advisors LLC lowered its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,308 shares of the company’s stock after selling 1,289 shares during the period. Sanctuary Advisors LLC’s holdings in Qifu Technology were worth $1,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Qifu Technology by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,309,635 shares of the company’s stock valued at $38,866,000 after buying an additional 41,139 shares in the last quarter. Natixis Advisors LLC purchased a new stake in Qifu Technology during the third quarter valued at approximately $654,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Qifu Technology by 148.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,343 shares of the company’s stock valued at $24,454,000 after acquiring an additional 489,865 shares in the last quarter. Point72 Hong Kong Ltd grew its holdings in Qifu Technology by 443.0% in the third quarter. Point72 Hong Kong Ltd now owns 535,498 shares of the company’s stock worth $15,963,000 after purchasing an additional 436,882 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Qifu Technology during the third quarter worth $473,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Qifu Technology Stock Down 3.6 %

Shares of QFIN opened at $40.45 on Tuesday. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 0.32 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. The stock’s 50-day moving average price is $39.72 and its 200-day moving average price is $33.74.

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.