Yeomans Consulting Group Inc. Purchases New Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Yeomans Consulting Group Inc. acquired a new stake in Qifu Technology, Inc. (NASDAQ:QFIN) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 7,291 shares of the company’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of QFIN. US Bancorp DE boosted its holdings in shares of Qifu Technology by 16.5% in the third quarter. US Bancorp DE now owns 5,410 shares of the company’s stock worth $161,000 after acquiring an additional 765 shares during the period. LMR Partners LLP lifted its holdings in Qifu Technology by 3.0% during the 3rd quarter. LMR Partners LLP now owns 30,816 shares of the company’s stock worth $919,000 after purchasing an additional 892 shares in the last quarter. XTX Topco Ltd boosted its stake in Qifu Technology by 9.1% in the 3rd quarter. XTX Topco Ltd now owns 11,913 shares of the company’s stock worth $355,000 after purchasing an additional 997 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Qifu Technology during the 3rd quarter valued at about $30,000. Finally, Diversify Wealth Management LLC increased its position in shares of Qifu Technology by 4.7% during the third quarter. Diversify Wealth Management LLC now owns 28,389 shares of the company’s stock valued at $846,000 after buying an additional 1,284 shares during the period. Institutional investors own 74.81% of the company’s stock.

Analyst Ratings Changes

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

Qifu Technology Price Performance

QFIN opened at $37.99 on Friday. The firm has a market capitalization of $5.99 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 0.30 and a beta of 0.64. Qifu Technology, Inc. has a one year low of $13.71 and a one year high of $40.31. The company has a fifty day moving average price of $36.93 and a 200-day moving average price of $30.06.

Qifu Technology 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.