Qifu Technology, Inc. (NASDAQ:QFIN) Shares Sold by Custom Index Systems LLC

Custom Index Systems LLC lowered its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,014 shares of the company’s stock after selling 417 shares during the quarter. Custom Index Systems LLC’s holdings in Qifu Technology were worth $653,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in QFIN. Sei Investments Co. increased its stake in shares of Qifu Technology by 115.5% in the second quarter. Sei Investments Co. now owns 36,059 shares of the company’s stock valued at $711,000 after purchasing an additional 19,327 shares during the period. Millennium Management LLC increased its position in Qifu Technology by 35.5% in the 2nd quarter. Millennium Management LLC now owns 1,198,882 shares of the company’s stock valued at $23,654,000 after acquiring an additional 314,323 shares during the period. The Manufacturers Life Insurance Company increased its position in Qifu Technology by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 421,578 shares of the company’s stock valued at $8,318,000 after acquiring an additional 2,844 shares during the period. Creative Planning raised its stake in Qifu Technology by 36.1% during the 2nd quarter. Creative Planning now owns 27,031 shares of the company’s stock valued at $533,000 after acquiring an additional 7,163 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Qifu Technology by 3.2% during the 3rd quarter. SG Americas Securities LLC now owns 64,555 shares of the company’s stock worth $1,924,000 after acquiring an additional 2,008 shares during the period. 74.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Qifu Technology Trading Down 5.4 %

QFIN stock opened at $39.90 on Friday. The firm’s 50-day moving average is $38.01 and its two-hundred day moving average is $30.99. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 0.31 and a beta of 0.64. Qifu Technology, Inc. has a 52 week low of $13.71 and a 52 week high of $43.20.

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.