1,200 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Bought by BOCHK Asset Management Ltd

BOCHK Asset Management Ltd bought a new position in Qifu Technology, Inc. (NASDAQ:QFIN) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,200 shares of the company’s stock, valued at approximately $46,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QFIN. Wilmington Savings Fund Society FSB purchased a new position in Qifu Technology in the third quarter worth $30,000. USA Financial Formulas purchased a new stake in Qifu Technology during the third quarter valued at about $41,000. Point72 DIFC Ltd purchased a new stake in Qifu Technology during the third quarter valued at about $43,000. Venturi Wealth Management LLC purchased a new stake in Qifu Technology during the third quarter valued at about $54,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in Qifu Technology by 474.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,293 shares of the company’s stock valued at $158,000 after buying an additional 4,372 shares during the period. 74.81% of the stock is currently owned by hedge funds and other institutional investors.

Qifu Technology Stock Up 1.4 %

NASDAQ QFIN opened at $41.54 on Wednesday. The company has a 50-day simple moving average of $37.65 and a two-hundred day simple moving average of $30.69. Qifu Technology, Inc. has a 12-month low of $13.71 and a 12-month high of $41.57. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 0.30 and a beta of 0.64.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their price target on shares of 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 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.