Qifu Technology, Inc. (NASDAQ:QFIN) Shares Bought by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd raised its stake in Qifu Technology, Inc. (NASDAQ:QFIN) by 443.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 535,498 shares of the company’s stock after acquiring an additional 436,882 shares during the period. Qifu Technology makes up 1.1% of Point72 Hong Kong Ltd’s holdings, making the stock its 25th biggest holding. Point72 Hong Kong Ltd’s holdings in Qifu Technology were worth $15,963,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of QFIN. Ashton Thomas Private Wealth LLC bought a new position in Qifu Technology during the 2nd quarter worth approximately $31,000. Blue Trust Inc. lifted its stake in Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after purchasing an additional 1,484 shares during the last quarter. USA Financial Formulas acquired a new position in Qifu Technology in the third quarter worth $41,000. Venturi Wealth Management LLC acquired a new position in Qifu Technology in the third quarter worth $54,000. Finally, Signaturefd LLC increased its stake in Qifu Technology by 67.3% during the second quarter. Signaturefd LLC now owns 7,283 shares of the company’s stock valued at $144,000 after purchasing an additional 2,931 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.

Qifu Technology Trading Up 0.6 %

NASDAQ:QFIN opened at $38.11 on Friday. The stock has a 50 day moving average of $32.56 and a 200-day moving average of $25.35. The firm has a market capitalization of $6.15 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 0.32 and a beta of 0.61. Qifu Technology, Inc. has a 52 week low of $13.71 and a 52 week high of $38.69.

Analyst Upgrades and Downgrades

Separately, Citigroup lifted their price target 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.