Yeomans Consulting Group Inc. Invests $280,000 in Qifu Technology, Inc. (NASDAQ:QFIN)

Yeomans Consulting Group Inc. bought a new stake in Qifu Technology, Inc. (NASDAQ:QFIN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,291 shares of the company’s stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds also recently modified their holdings of QFIN. AQR Capital Management LLC bought a new position in Qifu Technology in the 2nd quarter valued at $25,560,000. Marshall Wace LLP boosted its holdings in shares of Qifu Technology by 557.5% in the 2nd quarter. Marshall Wace LLP now owns 776,457 shares of the company’s stock worth $15,319,000 after buying an additional 658,366 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Qifu Technology by 66.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company’s stock valued at $40,818,000 after buying an additional 548,678 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Qifu Technology by 148.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,343 shares of the company’s stock worth $24,454,000 after buying an additional 489,865 shares during the last quarter. Finally, Swedbank AB raised its position in Qifu Technology by 156.0% in the third quarter. Swedbank AB now owns 754,300 shares of the company’s stock worth $22,486,000 after acquiring an additional 459,700 shares during the period. 74.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Citigroup increased their target price 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 Price Performance

NASDAQ:QFIN opened at $37.99 on Friday. The company has a market capitalization of $5.99 billion, a P/E ratio of 7.69, a P/E/G ratio of 0.30 and a beta of 0.64. The business has a fifty day simple moving average of $36.93 and a two-hundred day simple moving average of $30.06. Qifu Technology, Inc. has a 1 year low of $13.71 and a 1 year high of $40.31.

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.