Diversified Trust Co Purchases 16,478 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Diversified Trust Co raised its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 64.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,233 shares of the company’s stock after acquiring an additional 16,478 shares during the period. Diversified Trust Co’s holdings in Qifu Technology were worth $1,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC purchased a new stake in Qifu Technology during the second quarter valued at $25,560,000. Marshall Wace LLP increased its holdings in shares of Qifu Technology by 557.5% in the 2nd quarter. Marshall Wace LLP now owns 776,457 shares of the company’s stock worth $15,319,000 after buying an additional 658,366 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Qifu Technology by 66.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company’s stock valued at $40,818,000 after buying an additional 548,678 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Qifu Technology by 148.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,343 shares of the company’s stock valued at $24,454,000 after acquiring an additional 489,865 shares during the last quarter. Finally, Swedbank AB grew its position in Qifu Technology by 156.0% in the third quarter. Swedbank AB now owns 754,300 shares of the company’s stock worth $22,486,000 after acquiring an additional 459,700 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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 Stock Up 1.8 %

Shares of QFIN opened at $37.51 on Thursday. Qifu Technology, Inc. has a 52-week low of $13.71 and a 52-week high of $40.31. The company has a market cap of $6.05 billion, a PE ratio of 7.59, a P/E/G ratio of 0.33 and a beta of 0.64. The business has a fifty day moving average of $35.80 and a 200 day moving average of $28.76.

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.