Polymer Capital Management HK LTD Trims Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

Polymer Capital Management HK LTD decreased its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 41.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 144,511 shares of the company’s stock after selling 103,619 shares during the period. Polymer Capital Management HK LTD’s holdings in Qifu Technology were worth $4,308,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of QFIN. Ashton Thomas Private Wealth LLC purchased a new position in shares of Qifu Technology in the 2nd quarter worth $31,000. Blue Trust Inc. boosted its holdings in Qifu Technology by 598.4% in the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after acquiring an additional 1,484 shares during the period. USA Financial Formulas acquired a new stake in Qifu Technology during the 3rd quarter valued at $41,000. Venturi Wealth Management LLC purchased a new stake in shares of Qifu Technology during the third quarter worth about $54,000. Finally, Signaturefd LLC increased its holdings in Qifu Technology by 67.3% during the 2nd quarter. Signaturefd LLC now owns 7,283 shares of the company’s stock worth $144,000 after purchasing an additional 2,931 shares during the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

Qifu Technology Stock Down 0.6 %

Shares of QFIN stock opened at $35.97 on Wednesday. The business has a 50 day moving average of $32.93 and a two-hundred day moving average of $25.59. The company has a market cap of $5.81 billion, a P/E ratio of 7.28, a PEG ratio of 0.30 and a beta of 0.64. Qifu Technology, Inc. has a 52 week low of $13.71 and a 52 week high of $38.69.

Wall Street Analysts Forecast Growth

Separately, Citigroup increased their price target on shares of Qifu Technology from $31.44 to $37.50 and gave the stock a “buy” rating in a research 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.