KBC Group NV Buys Shares of 9,320 Qifu Technology, Inc. (NASDAQ:QFIN)

KBC Group NV purchased a new position in Qifu Technology, Inc. (NASDAQ:QFIN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,320 shares of the company’s stock, valued at approximately $278,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in QFIN. Vanguard Group Inc. lifted its stake in Qifu Technology by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,651,879 shares of the company’s stock worth $85,734,000 after purchasing an additional 30,522 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Qifu Technology by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,193,893 shares of the company’s stock worth $43,262,000 after buying an additional 109,809 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Qifu Technology by 66.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company’s stock worth $40,818,000 after buying an additional 548,678 shares in the last quarter. AQR Capital Management LLC bought a new position in Qifu Technology during the second quarter valued at approximately $25,560,000. Finally, Acadian Asset Management LLC raised its stake in shares of Qifu Technology by 1,789.1% during the second quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company’s stock worth $24,450,000 after acquiring an additional 1,174,824 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Stock Performance

QFIN stock opened at $32.37 on Wednesday. The firm has a market cap of $5.22 billion, a P/E ratio of 7.77, a P/E/G ratio of 0.42 and a beta of 0.61. The firm’s fifty day moving average is $30.68 and its 200 day moving average is $24.41. Qifu Technology, Inc. has a 52 week low of $13.71 and a 52 week high of $35.23.

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.