447,547 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Acquired by NS Partners Ltd

NS Partners Ltd bought a new position in Qifu Technology, Inc. (NASDAQ:QFIN) in the fourth quarter, Holdings Channel reports. The firm bought 447,547 shares of the company’s stock, valued at approximately $17,177,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Qifu Technology by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,309,635 shares of the company’s stock valued at $38,866,000 after acquiring an additional 41,139 shares during the period. Natixis Advisors LLC purchased a new stake in Qifu Technology in the 3rd quarter worth $654,000. Asset Management One Co. Ltd. increased its holdings in Qifu Technology by 66.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,873 shares of the company’s stock worth $1,255,000 after acquiring an additional 13,170 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Qifu Technology by 148.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,343 shares of the company’s stock worth $24,454,000 after buying an additional 489,865 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Qifu Technology during the third quarter worth $1,061,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qifu Technology Stock Down 2.1 %

NASDAQ:QFIN opened at $40.52 on Friday. The company has a fifty day simple moving average of $40.20 and a two-hundred day simple moving average of $34.73. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 0.32 and a beta of 0.59. Qifu Technology, Inc. has a 52 week low of $15.16 and a 52 week high of $46.25.

Analyst Ratings Changes

Separately, Citigroup upped their price objective on shares of 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.