Public Sector Pension Investment Board Sells 3,000 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Public Sector Pension Investment Board trimmed its stake in Qifu Technology, Inc. (NASDAQ:QFIN) by 7.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,842 shares of the company’s stock after selling 3,000 shares during the period. Public Sector Pension Investment Board’s holdings in Qifu Technology were worth $1,128,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Natixis Advisors LLC purchased a new position in Qifu Technology in the 3rd quarter worth approximately $654,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Qifu Technology by 148.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,343 shares of the company’s stock valued at $24,454,000 after purchasing an additional 489,865 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Qifu Technology during the second quarter valued at about $25,560,000. Hsbc Holdings PLC lifted its stake in Qifu Technology by 9.8% during the second quarter. Hsbc Holdings PLC now owns 424,904 shares of the company’s stock worth $8,377,000 after purchasing an additional 37,948 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Qifu Technology in the 3rd quarter worth about $473,000. 74.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Qifu Technology Stock Up 2.2 %

Shares of NASDAQ QFIN opened at $36.83 on Friday. The firm has a market cap of $5.94 billion, a P/E ratio of 7.46, a PEG ratio of 0.31 and a beta of 0.64. Qifu Technology, Inc. has a twelve month low of $13.71 and a twelve month high of $38.69. The company has a 50 day moving average of $33.42 and a 200 day moving average of $25.89.

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.