Sumitomo Mitsui Trust Group Inc. Has $8.06 Million Stock Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Sumitomo Mitsui Trust Group Inc. reduced its position in Qifu Technology, Inc. (NASDAQ:QFIN) by 0.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 270,300 shares of the company’s stock after selling 874 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Qifu Technology were worth $8,058,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in Qifu Technology during the third quarter worth approximately $41,000. Ashton Thomas Private Wealth LLC acquired a new stake in Qifu Technology during the second quarter worth approximately $31,000. Blue Trust Inc. increased its holdings in shares of Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after purchasing an additional 1,484 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Qifu Technology during the third quarter worth approximately $54,000. Finally, US Bancorp DE increased its holdings in shares of 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 purchasing an additional 765 shares during the period. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qifu Technology Trading Up 5.0 %

Shares of QFIN opened at $32.27 on Tuesday. Qifu Technology, Inc. has a 12 month low of $13.71 and a 12 month high of $35.23. The firm’s 50 day moving average is $30.53 and its 200-day moving average is $24.32. The stock has a market capitalization of $5.21 billion, a PE ratio of 7.76, a P/E/G ratio of 0.42 and a beta of 0.61.

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.