Diversified Trust Co Raises Stock Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

Diversified Trust Co boosted its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 64.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 42,233 shares of the company’s stock after acquiring an additional 16,478 shares during the quarter. Diversified Trust Co’s holdings in Qifu Technology were worth $1,621,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of QFIN. Wilmington Savings Fund Society FSB bought a new stake in shares of Qifu Technology during the third quarter worth $30,000. USA Financial Formulas purchased a new position in Qifu Technology in the 3rd quarter worth about $41,000. Point72 DIFC Ltd bought a new stake in Qifu Technology during the 3rd quarter valued at about $43,000. Ashton Thomas Private Wealth LLC purchased a new stake in Qifu Technology in the 2nd quarter valued at about $31,000. Finally, Venturi Wealth Management LLC bought a new position in Qifu Technology in the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Stock Up 1.8 %

Shares of NASDAQ QFIN opened at $37.51 on Thursday. Qifu Technology, Inc. has a twelve month low of $13.71 and a twelve month high of $40.31. The firm has a market cap of $6.05 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 0.33 and a beta of 0.64. The business has a fifty day simple moving average of $35.80 and a two-hundred day simple moving average of $28.76.

Analyst Ratings Changes

Separately, Citigroup lifted their price target on shares of Qifu Technology from $31.44 to $37.50 and gave the company a “buy” rating in a research note 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.