Penserra Capital Management LLC Sells 4,726 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Penserra Capital Management LLC lessened its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 10.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 40,256 shares of the company’s stock after selling 4,726 shares during the quarter. Penserra Capital Management LLC’s holdings in Qifu Technology were worth $1,200,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of 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 buying an additional 30,522 shares during the period. California State Teachers Retirement System grew its holdings in Qifu Technology by 8.3% during the 1st quarter. California State Teachers Retirement System now owns 62,922 shares of the company’s stock worth $1,160,000 after acquiring an additional 4,799 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Qifu Technology by 1.1% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 97,036 shares of the company’s stock worth $1,915,000 after acquiring an additional 1,012 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Qifu Technology by 3.1% in the 2nd quarter. SG Americas Securities LLC now owns 62,547 shares of the company’s stock valued at $1,234,000 after purchasing an additional 1,864 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Qifu Technology by 598.4% during the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock valued at $32,000 after purchasing an additional 1,484 shares in the last quarter. Institutional investors own 74.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup boosted their price target on Qifu Technology from $31.44 to $37.50 and gave the company a “buy” rating in a research note on Thursday, November 21st.

Qifu Technology Stock Up 5.4 %

Shares of NASDAQ QFIN opened at $35.68 on Wednesday. The firm has a market cap of $5.76 billion, a PE ratio of 7.22, a P/E/G ratio of 0.31 and a beta of 0.61. The company’s fifty day simple moving average is $31.82 and its 200 day simple moving average is $25.02. Qifu Technology, Inc. has a 12-month low of $13.71 and a 12-month high of $35.80.

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.