Qifu Technology, Inc. (NASDAQ:QFIN) Shares Bought by Wrapmanager Inc.

Wrapmanager Inc. grew its stake in Qifu Technology, Inc. (NASDAQ:QFIN) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,554 shares of the company’s stock after buying an additional 296 shares during the quarter. Wrapmanager Inc.’s holdings in Qifu Technology were worth $290,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in Qifu Technology during the third quarter valued at approximately $30,000. Advisors Preferred LLC acquired a new stake in shares of Qifu Technology during the 4th quarter worth approximately $41,000. Global Retirement Partners LLC increased its holdings in shares of Qifu Technology by 80.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,164 shares of the company’s stock valued at $45,000 after purchasing an additional 518 shares in the last quarter. BOCHK Asset Management Ltd acquired a new position in shares of Qifu Technology in the 4th quarter valued at $46,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Qifu Technology in the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Stock Down 0.8 %

Shares of Qifu Technology stock opened at $40.14 on Wednesday. The firm has a market cap of $6.33 billion, a PE ratio of 8.13, a P/E/G ratio of 0.32 and a beta of 0.63. The business has a 50-day moving average price of $39.72 and a 200 day moving average price of $33.74. Qifu Technology, Inc. has a twelve month low of $15.06 and a twelve month high of $46.25.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised their price target 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.

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.