Daiwa Securities Group Inc. increased its holdings in Qifu Technology, Inc. (NASDAQ:QFIN – Free Report) by 29.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,200 shares of the company’s stock after purchasing an additional 2,300 shares during the period. Daiwa Securities Group Inc.’s holdings in Qifu Technology were worth $188,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC grew its position in shares of Qifu Technology by 83.9% in the fourth quarter. Parallel Advisors LLC now owns 2,426 shares of the company’s stock valued at $38,000 after purchasing an additional 1,107 shares during the period. Janiczek Wealth Management LLC grew its position in shares of Qifu Technology by 131.4% in the first quarter. Janiczek Wealth Management LLC now owns 2,386 shares of the company’s stock valued at $44,000 after purchasing an additional 1,355 shares during the period. BOCHK Asset Management Ltd purchased a new stake in shares of Qifu Technology in the fourth quarter valued at $95,000. Barometer Capital Management Inc. purchased a new stake in shares of Qifu Technology in the fourth quarter valued at $127,000. Finally, Handelsinvest Investeringsforvaltning purchased a new stake in shares of Qifu Technology in the fourth quarter valued at $150,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.
Qifu Technology Stock Up 1.3 %
Shares of NASDAQ:QFIN opened at $20.45 on Friday. The company has a market cap of $3.30 billion, a P/E ratio of 5.30, a P/E/G ratio of 0.44 and a beta of 0.61. Qifu Technology, Inc. has a 52 week low of $13.68 and a 52 week high of $21.57. The business has a fifty day simple moving average of $20.06 and a 200-day simple moving average of $17.77.
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.
Recommended Stories
- Five stocks we like better than Qifu Technology
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Top 3 Beverage Stocks: Summer Earnings Reveal Key Trends
- Manufacturing Stocks Investing
- This Financial Stock’s Earnings Signal a Buying Opportunity
- Insider Buying Explained: What Investors Need to Know
- Social Platform Stock Hits New Highs: Is More Growth Ahead?
Want to see what other hedge funds are holding QFIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qifu Technology, Inc. (NASDAQ:QFIN – Free Report).
Receive News & Ratings for Qifu Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qifu Technology and related companies with MarketBeat.com's FREE daily email newsletter.