Connor Clark & Lunn Investment Management Ltd. Increases Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Qifu Technology, Inc. (NASDAQ:QFIN) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 919,967 shares of the company’s stock after acquiring an additional 99,624 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Qifu Technology were worth $35,308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Candriam S.C.A. purchased a new stake in shares of Qifu Technology in the fourth quarter worth about $27,185,000. Swedbank AB lifted its position in shares of 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 buying an additional 459,700 shares in the last quarter. NS Partners Ltd purchased a new stake in shares of Qifu Technology in the fourth quarter worth about $17,177,000. Point72 Hong Kong Ltd lifted its position in shares of Qifu Technology by 443.0% in the third quarter. Point72 Hong Kong Ltd now owns 535,498 shares of the company’s stock worth $15,963,000 after buying an additional 436,882 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of Qifu Technology in the fourth quarter worth about $12,493,000. 74.81% of the stock is currently owned by hedge funds and other institutional investors.

Qifu Technology Trading Down 0.8 %

NASDAQ:QFIN opened at $40.43 on Thursday. The company has a market capitalization of $6.37 billion, a P/E ratio of 8.18, a P/E/G ratio of 0.32 and a beta of 0.59. Qifu Technology, Inc. has a 12 month low of $16.47 and a 12 month high of $46.25. The business’s 50-day moving average is $40.30 and its 200 day moving average is $35.11.

Analyst Ratings Changes

Separately, Citigroup boosted their target price on Qifu Technology from $31.44 to $37.50 and gave the stock a “buy” rating in a research report 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.