Qifu Technology, Inc. (NASDAQ:QFIN) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in Qifu Technology, Inc. (NASDAQ:QFIN) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,309,635 shares of the company’s stock after purchasing an additional 41,139 shares during the period. Geode Capital Management LLC’s holdings in Qifu Technology were worth $38,866,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Qifu Technology in the 2nd quarter valued at $31,000. USA Financial Formulas purchased a new stake in shares of Qifu Technology during the 3rd quarter worth about $41,000. Point72 DIFC Ltd acquired a new stake in shares of Qifu Technology during the 3rd quarter valued at about $43,000. Venturi Wealth Management LLC purchased a new position in shares of Qifu Technology in the 3rd quarter valued at about $54,000. Finally, Signaturefd LLC raised its holdings in Qifu Technology by 67.3% in the 2nd quarter. Signaturefd LLC now owns 7,283 shares of the company’s stock worth $144,000 after purchasing an additional 2,931 shares during the period. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Stock Down 0.5 %

QFIN opened at $38.00 on Wednesday. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 0.33 and a beta of 0.64. The firm’s fifty day simple moving average is $34.81 and its two-hundred day simple moving average is $27.37. Qifu Technology, Inc. has a 52-week low of $13.71 and a 52-week high of $40.31.

Analyst Ratings Changes

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.

About Qifu Technology

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.