1,827 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC purchased a new stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) in the third quarter, HoldingsChannel.com reports. The firm purchased 1,827 shares of the company’s stock, valued at approximately $54,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Qifu Technology in the 2nd quarter valued at about $31,000. Blue Trust Inc. increased its position in Qifu Technology by 598.4% during the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after purchasing an additional 1,484 shares in the last quarter. USA Financial Formulas purchased a new position in Qifu Technology in the third quarter valued at approximately $41,000. Signaturefd LLC lifted its position in Qifu Technology by 67.3% during the second quarter. Signaturefd LLC now owns 7,283 shares of the company’s stock valued at $144,000 after buying an additional 2,931 shares in the last quarter. Finally, US Bancorp DE grew its stake in Qifu Technology by 16.5% during the third quarter. US Bancorp DE now owns 5,410 shares of the company’s stock worth $161,000 after buying an additional 765 shares during the period. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Stock Up 4.7 %

Qifu Technology stock opened at $30.74 on Friday. The firm has a fifty day moving average of $30.41 and a 200-day moving average of $24.16. Qifu Technology, Inc. has a 52-week low of $13.71 and a 52-week high of $35.23. The firm has a market capitalization of $4.96 billion, a P/E ratio of 7.39, a PEG ratio of 0.41 and a beta of 0.61.

Qifu Technology (NASDAQ:QFIN) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.23. Qifu Technology had a return on equity of 21.82% and a net margin of 28.06%. The firm had revenue of $572.44 million during the quarter, compared to the consensus estimate of $582.69 million. On average, research analysts expect that Qifu Technology, Inc. will post 5.04 EPS for the current fiscal year.

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.