Qifu Technology, Inc. (NASDAQ:QFIN) Shares Acquired by Swedbank AB

Swedbank AB increased its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 18.7% in the fourth quarter, Holdings Channel reports. The firm owned 895,300 shares of the company’s stock after buying an additional 141,000 shares during the quarter. Swedbank AB’s holdings in Qifu Technology were worth $34,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of QFIN. Sei Investments Co. boosted its stake in shares of Qifu Technology by 115.5% during the second quarter. Sei Investments Co. now owns 36,059 shares of the company’s stock worth $711,000 after buying an additional 19,327 shares during the period. Millennium Management LLC lifted its position in Qifu Technology by 35.5% during the 2nd quarter. Millennium Management LLC now owns 1,198,882 shares of the company’s stock worth $23,654,000 after acquiring an additional 314,323 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of 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 purchasing an additional 2,844 shares during the last quarter. Creative Planning raised its stake in shares of Qifu Technology by 36.1% during the second quarter. Creative Planning now owns 27,031 shares of the company’s stock worth $533,000 after purchasing an additional 7,163 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Qifu Technology by 3.2% during the third quarter. SG Americas Securities LLC now owns 64,555 shares of the company’s stock worth $1,924,000 after purchasing an additional 2,008 shares during the period. 74.81% of the stock is owned by hedge funds and other institutional investors.

Qifu Technology Stock Up 3.0 %

Shares of NASDAQ:QFIN opened at $42.19 on Friday. Qifu Technology, Inc. has a 52 week low of $13.71 and a 52 week high of $43.20. The company has a 50-day moving average price of $37.76 and a 200 day moving average price of $30.77. The company has a market cap of $6.65 billion, a P/E ratio of 8.54, a PEG ratio of 0.30 and a beta of 0.64.

Wall Street Analyst Weigh In

Separately, Citigroup upped their price objective 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.

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.