Qifu Technology, Inc. (NASDAQ:QFIN) Shares Purchased by US Bancorp DE

US Bancorp DE raised its stake in Qifu Technology, Inc. (NASDAQ:QFIN) by 16.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,410 shares of the company’s stock after purchasing an additional 765 shares during the quarter. US Bancorp DE’s holdings in Qifu Technology were worth $161,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Qifu Technology by 88.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 102,000 shares of the company’s stock worth $1,880,000 after acquiring an additional 47,800 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Qifu Technology in the second quarter valued at approximately $25,560,000. Hsbc Holdings PLC lifted its stake in Qifu Technology by 9.8% during the second quarter. Hsbc Holdings PLC now owns 424,904 shares of the company’s stock worth $8,377,000 after purchasing an additional 37,948 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Qifu Technology by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,651,879 shares of the company’s stock worth $85,734,000 after buying an additional 30,522 shares during the period. Finally, Dorsey Wright & Associates acquired a new stake in shares of Qifu Technology in the second quarter valued at $2,293,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Trading Down 3.3 %

QFIN stock opened at $29.37 on Friday. The business’s fifty day moving average price is $30.31 and its 200 day moving average price is $24.12. Qifu Technology, Inc. has a 12-month low of $13.71 and a 12-month high of $35.23. The company has a market capitalization of $4.74 billion, a PE ratio of 7.06, a P/E/G ratio of 0.42 and a beta of 0.61.

Qifu Technology (NASDAQ:QFIN) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.23. The company had revenue of $572.44 million for the quarter, compared to analyst estimates of $582.69 million. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. Research analysts predict that Qifu Technology, Inc. will post 5.04 EPS for the current fiscal year.

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.