B. Metzler seel. Sohn & Co. Holding AG Makes New $473,000 Investment in Qifu Technology, Inc. (NASDAQ:QFIN)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Qifu Technology, Inc. (NASDAQ:QFIN) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,883 shares of the company’s stock, valued at approximately $473,000.

Several other large investors also recently made changes to their positions in QFIN. USA Financial Formulas acquired a new position in Qifu Technology in the 3rd quarter worth $41,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Qifu Technology during the second quarter worth about $31,000. Blue Trust Inc. raised its position in Qifu Technology by 598.4% in the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock valued at $32,000 after buying an additional 1,484 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Qifu Technology in the 3rd quarter valued at approximately $54,000. Finally, US Bancorp DE boosted its position in Qifu Technology by 16.5% during the 3rd quarter. US Bancorp DE now owns 5,410 shares of the company’s stock worth $161,000 after acquiring an additional 765 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup increased their target price on shares of Qifu Technology from $31.44 to $37.50 and gave the stock a “buy” rating in a report on Thursday.

Qifu Technology Stock Performance

QFIN opened at $34.53 on Monday. The firm has a market capitalization of $5.57 billion, a PE ratio of 6.99, a PEG ratio of 0.32 and a beta of 0.61. Qifu Technology, Inc. has a 52-week low of $13.71 and a 52-week high of $35.44. The business’s 50-day simple moving average is $31.43 and its 200 day simple moving average is $24.79.

Qifu Technology Company 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.