BNP Paribas Financial Markets Acquires 128,789 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

BNP Paribas Financial Markets boosted its holdings in Qifu Technology, Inc. (NASDAQ:QFIN) by 53.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 370,467 shares of the company’s stock after buying an additional 128,789 shares during the quarter. BNP Paribas Financial Markets owned 0.23% of Qifu Technology worth $11,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of QFIN. Vanguard Group Inc. raised its holdings 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 valued at $85,734,000 after purchasing an additional 30,522 shares during the last quarter. Dimensional Fund Advisors LP grew 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 purchasing an additional 109,809 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Qifu Technology by 66.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company’s stock worth $40,818,000 after purchasing an additional 548,678 shares during the period. AQR Capital Management LLC purchased a new stake in Qifu Technology during the 2nd quarter valued at $25,560,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Qifu Technology by 1,789.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company’s stock valued at $24,450,000 after buying an additional 1,174,824 shares during the period. Institutional investors own 74.81% of the company’s stock.

Qifu Technology Trading Up 0.6 %

QFIN opened at $38.11 on Monday. The company’s 50 day moving average is $32.56 and its 200 day moving average is $25.38. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 0.32 and a beta of 0.61. Qifu Technology, Inc. has a 12-month low of $13.71 and a 12-month high of $38.69.

Analysts Set New Price Targets

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

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.