Bank of New York Mellon Corp Acquires 5,549 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Bank of New York Mellon Corp lifted its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 118,758 shares of the company’s stock after purchasing an additional 5,549 shares during the period. Bank of New York Mellon Corp owned 0.08% of Qifu Technology worth $4,558,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Wrapmanager Inc. grew its holdings in shares of Qifu Technology by 4.1% during the fourth quarter. Wrapmanager Inc. now owns 7,554 shares of the company’s stock worth $290,000 after purchasing an additional 296 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Qifu Technology by 80.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,164 shares of the company’s stock worth $45,000 after purchasing an additional 518 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Qifu Technology by 30.8% during the fourth quarter. New York State Common Retirement Fund now owns 396,570 shares of the company’s stock worth $15,220,000 after purchasing an additional 93,409 shares during the last quarter. Truist Financial Corp bought a new stake in shares of Qifu Technology during the fourth quarter worth $231,000. Finally, Rhumbline Advisers grew its holdings in shares of Qifu Technology by 36.8% during the fourth quarter. Rhumbline Advisers now owns 24,988 shares of the company’s stock worth $959,000 after purchasing an additional 6,721 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.

Qifu Technology Stock Up 9.1 %

Shares of QFIN opened at $47.13 on Tuesday. Qifu Technology, Inc. has a 12-month low of $17.76 and a 12-month high of $48.50. The firm has a market capitalization of $7.43 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.32 and a beta of 0.59. The stock’s fifty day simple moving average is $40.63 and its 200-day simple moving average is $35.55.

Analyst Ratings Changes

Separately, Citigroup upped 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 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.