Wolverine Trading LLC Makes New Investment in Qifu Technology, Inc. (NASDAQ:QFIN)

Wolverine Trading LLC bought a new stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,564 shares of the company’s stock, valued at approximately $253,000.

Several other hedge funds have also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC bought a new stake in Qifu Technology in the second quarter valued at $31,000. Blue Trust Inc. lifted its position in shares of Qifu Technology by 598.4% in the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after purchasing an additional 1,484 shares during the period. USA Financial Formulas bought a new stake in shares of Qifu Technology during the 3rd quarter valued at about $41,000. Point72 DIFC Ltd bought a new stake in shares of Qifu Technology during the 3rd quarter valued at about $43,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Qifu Technology during the third quarter valued at about $54,000. 74.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Citigroup lifted 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 Stock Up 3.4 %

Shares of QFIN stock opened at $38.85 on Monday. The business’s fifty day moving average is $34.08 and its 200 day moving average is $26.57. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.33 and a beta of 0.64. Qifu Technology, Inc. has a twelve month low of $13.71 and a twelve month high of $40.31.

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.