New York State Common Retirement Fund Increases Stock Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

New York State Common Retirement Fund increased its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 30.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 396,570 shares of the company’s stock after buying an additional 93,409 shares during the quarter. New York State Common Retirement Fund’s holdings in Qifu Technology were worth $15,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in QFIN. DGS Capital Management LLC increased its stake in shares of Qifu Technology by 5.9% during the 4th quarter. DGS Capital Management LLC now owns 11,413 shares of the company’s stock valued at $438,000 after acquiring an additional 631 shares during the last quarter. US Bancorp DE increased its position in Qifu Technology by 16.5% during the third quarter. US Bancorp DE now owns 5,410 shares of the company’s stock worth $161,000 after purchasing an additional 765 shares during the last quarter. Lester Murray Antman dba SimplyRich increased its position in Qifu Technology by 5.7% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 14,288 shares of the company’s stock worth $548,000 after purchasing an additional 768 shares during the last quarter. LMR Partners LLP raised its stake in Qifu Technology by 3.0% during the third quarter. LMR Partners LLP now owns 30,816 shares of the company’s stock worth $919,000 after purchasing an additional 892 shares during the period. Finally, XTX Topco Ltd boosted its holdings in shares of Qifu Technology by 9.1% in the 3rd quarter. XTX Topco Ltd now owns 11,913 shares of the company’s stock valued at $355,000 after purchasing an additional 997 shares during the last quarter. 74.81% of the stock is owned by institutional investors and hedge funds.

Qifu Technology Price Performance

Qifu Technology stock opened at $41.94 on Monday. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 0.32 and a beta of 0.63. Qifu Technology, Inc. has a 12 month low of $15.06 and a 12 month high of $46.25. The stock’s 50-day moving average is $39.68 and its 200-day moving average is $33.60.

Analyst Ratings Changes

Separately, Citigroup upped their price objective on Qifu Technology from $31.44 to $37.50 and gave the stock a “buy” rating in a report 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.