USA Financial Formulas Decreases Stock Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

USA Financial Formulas reduced its holdings in Qifu Technology, Inc. (NASDAQ:QFIN) by 28.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 997 shares of the company’s stock after selling 393 shares during the period. USA Financial Formulas’ holdings in Qifu Technology were worth $38,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC bought a new stake in Qifu Technology during the second quarter worth approximately $25,560,000. Marshall Wace LLP increased its position in shares of Qifu Technology by 557.5% during the 2nd quarter. Marshall Wace LLP now owns 776,457 shares of the company’s stock valued at $15,319,000 after purchasing an additional 658,366 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Qifu Technology by 66.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company’s stock valued at $40,818,000 after buying an additional 548,678 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Qifu Technology by 148.2% in 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 during the last quarter. Finally, Swedbank AB boosted its stake in Qifu Technology by 156.0% during the third quarter. Swedbank AB now owns 754,300 shares of the company’s stock worth $22,486,000 after buying an additional 459,700 shares during the period. 74.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup raised their target price on shares of Qifu Technology from $31.44 to $37.50 and gave the stock a “buy” rating in a report on Thursday, November 21st.

Qifu Technology Trading Up 1.3 %

Shares of NASDAQ QFIN opened at $37.04 on Friday. Qifu Technology, Inc. has a fifty-two week low of $13.71 and a fifty-two week high of $40.31. The business’s 50 day moving average price is $36.33 and its 200-day moving average price is $29.46.

About Qifu Technology

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.