OVERSEA CHINESE BANKING Corp Ltd Sells 38,732 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

OVERSEA CHINESE BANKING Corp Ltd decreased its position in Qifu Technology, Inc. (NASDAQ:QFIN) by 35.4% during the fourth quarter, HoldingsChannel reports. The firm owned 70,829 shares of the company’s stock after selling 38,732 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Qifu Technology were worth $2,718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Wrapmanager Inc. raised its position in shares of Qifu Technology by 4.1% in the fourth quarter. Wrapmanager Inc. now owns 7,554 shares of the company’s stock valued at $290,000 after purchasing an additional 296 shares during the period. Global Retirement Partners LLC increased its position in Qifu Technology by 80.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,164 shares of the company’s stock worth $45,000 after acquiring an additional 518 shares during the period. DGS Capital Management LLC increased its position in Qifu Technology by 5.9% during the fourth quarter. DGS Capital Management LLC now owns 11,413 shares of the company’s stock worth $438,000 after acquiring an additional 631 shares during the period. Jones Financial Companies Lllp bought a new position in Qifu Technology during the fourth quarter worth $29,000. Finally, Lester Murray Antman dba SimplyRich increased its position in Qifu Technology by 5.7% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 14,288 shares of the company’s stock worth $548,000 after acquiring an additional 768 shares during the period. Institutional investors own 74.81% of the company’s stock.

Qifu Technology Trading Up 2.1 %

Shares of QFIN stock opened at $47.66 on Thursday. Qifu Technology, Inc. has a 1 year low of $17.76 and a 1 year high of $48.81. The firm’s fifty day simple moving average is $41.03 and its 200 day simple moving average is $35.77. The firm has a market capitalization of $7.51 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 0.32 and a beta of 0.59.

Wall Street Analysts Forecast Growth

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

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.