Mirae Asset Global Investments Co. Ltd. Reduces Stock Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

Mirae Asset Global Investments Co. Ltd. reduced its holdings in Qifu Technology, Inc. (NASDAQ:QFIN) by 55.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,716 shares of the company’s stock after selling 23,258 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Qifu Technology were worth $716,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Qifu Technology in the 3rd quarter valued at $30,000. BOCHK Asset Management Ltd acquired a new position in shares of Qifu Technology in the 4th quarter valued at $46,000. Point72 DIFC Ltd acquired a new position in shares of Qifu Technology in the 3rd quarter valued at $43,000. Venturi Wealth Management LLC acquired a new position in shares of Qifu Technology in the 3rd quarter valued at $54,000. Finally, Atomi Financial Group Inc. acquired a new position in shares of Qifu Technology in the 4th quarter valued at $202,000. 74.81% of the stock is owned by hedge funds and other institutional investors.

Qifu Technology Stock Performance

NASDAQ:QFIN opened at $43.00 on Thursday. The company has a fifty day moving average of $38.72 and a two-hundred day moving average of $32.24. The stock has a market capitalization of $6.78 billion, a PE ratio of 8.70, a P/E/G ratio of 0.32 and a beta of 0.63. Qifu Technology, Inc. has a fifty-two week low of $14.72 and a fifty-two week high of $44.00.

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their target price on shares of 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.