Qifu Technology, Inc. (NASDAQ:QFIN) Shares Sold by Aspex Management HK Ltd

Aspex Management HK Ltd reduced its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 27.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,723,720 shares of the company’s stock after selling 2,181,771 shares during the quarter. Qifu Technology makes up 4.5% of Aspex Management HK Ltd’s investment portfolio, making the stock its 9th biggest holding. Aspex Management HK Ltd owned about 3.55% of Qifu Technology worth $170,624,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Natixis Advisors LLC acquired a new stake in shares of Qifu Technology in the 3rd quarter valued at about $654,000. Connor Clark & Lunn Investment Management Ltd. grew its stake 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 purchasing an additional 489,865 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Qifu Technology in the second quarter valued at approximately $25,560,000. Hsbc Holdings PLC increased its holdings in shares of Qifu Technology by 9.8% in the second quarter. Hsbc Holdings PLC now owns 424,904 shares of the company’s stock valued at $8,377,000 after purchasing an additional 37,948 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Qifu Technology in the third quarter valued at approximately $473,000. 74.81% of the stock is owned by institutional investors and hedge funds.

Qifu Technology Trading Up 0.6 %

NASDAQ:QFIN opened at $38.11 on Monday. Qifu Technology, Inc. has a 12-month low of $13.71 and a 12-month high of $38.69. The firm has a market cap of $6.15 billion, a P/E ratio of 7.71, a PEG ratio of 0.32 and a beta of 0.61. The stock’s 50 day simple moving average is $32.56 and its 200-day simple moving average is $25.38.

Wall Street Analyst Weigh In

Separately, Citigroup boosted their target price 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 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.