Qifu Technology, Inc. (NASDAQ:QFIN) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,309,635 shares of the company’s stock after acquiring an additional 41,139 shares during the quarter. Geode Capital Management LLC owned about 0.81% of Qifu Technology worth $38,866,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in Qifu Technology during the 3rd quarter valued at approximately $8,487,000. Dorsey Wright & Associates increased its position in shares of Qifu Technology by 13.4% in the 3rd quarter. Dorsey Wright & Associates now owns 131,812 shares of the company’s stock valued at $3,929,000 after acquiring an additional 15,585 shares during the period. XTX Topco Ltd raised its stake in Qifu Technology by 9.1% in the 3rd quarter. XTX Topco Ltd now owns 11,913 shares of the company’s stock worth $355,000 after acquiring an additional 997 shares during the last quarter. National Bank of Canada FI lifted its position in Qifu Technology by 20.9% during the 3rd quarter. National Bank of Canada FI now owns 214,910 shares of the company’s stock worth $6,406,000 after acquiring an additional 37,110 shares during the period. Finally, Wellington Management Group LLP lifted its position in Qifu Technology by 238.8% during the 3rd quarter. Wellington Management Group LLP now owns 229,908 shares of the company’s stock worth $6,854,000 after acquiring an additional 162,043 shares during the period. 74.81% of the stock is owned by hedge funds and other institutional investors.

Qifu Technology Trading Down 0.5 %

Shares of NASDAQ QFIN opened at $38.00 on Wednesday. The company has a 50 day simple moving average of $34.81 and a two-hundred day simple moving average of $27.37. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 7.69, a PEG 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.

Wall Street Analyst Weigh In

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

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.