Skandinaviska Enskilda Banken AB publ Acquires 40,554 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 17.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 274,654 shares of the company’s stock after buying an additional 40,554 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Qifu Technology were worth $10,360,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Qifu Technology by 12.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 919,967 shares of the company’s stock worth $35,308,000 after buying an additional 99,624 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in shares of Qifu Technology by 217.4% during the 4th quarter. Jupiter Asset Management Ltd. now owns 263,800 shares of the company’s stock worth $10,125,000 after buying an additional 180,700 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Qifu Technology by 4,272.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,302 shares of the company’s stock worth $280,000 after buying an additional 7,135 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Qifu Technology in the 4th quarter worth $563,000. Finally, NS Partners Ltd bought a new position in shares of Qifu Technology in the 4th quarter worth $17,177,000. 74.81% of the stock is currently owned by institutional investors.

Qifu Technology Stock Up 8.1 %

Shares of QFIN opened at $43.19 on Friday. Qifu Technology, Inc. has a 12-month low of $17.76 and a 12-month high of $46.25. The business’s fifty day moving average is $40.41 and its 200 day moving average is $35.26. The stock has a market cap of $6.81 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.32 and a beta of 0.59.

Analysts Set New Price Targets

Separately, Citigroup increased their target price 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 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.