Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 186.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,108 shares of the company's stock after purchasing an additional 109,418 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.10% of Qifu Technology worth $5,011,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in Qifu Technology during the 2nd quarter valued at $25,560,000. Acadian Asset Management LLC increased its stake in Qifu Technology by 1,789.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company's stock worth $24,450,000 after buying an additional 1,174,824 shares during the period. Prudential PLC boosted its holdings in Qifu Technology by 634.1% in the second quarter. Prudential PLC now owns 956,998 shares of the company's stock valued at $18,882,000 after purchasing an additional 826,631 shares in the last quarter. Marshall Wace LLP lifted its position in Qifu Technology by 557.5% during the 2nd quarter. Marshall Wace LLP now owns 776,457 shares of the company's stock worth $15,319,000 after acquiring an additional 658,366 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Qifu Technology by 66.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company's stock worth $40,818,000 after acquiring an additional 548,678 shares in the last quarter. 74.81% of the stock is owned by hedge funds and other institutional investors.
Separately, Citigroup boosted their price target on Qifu Technology from $31.44 to $37.50 and gave the stock a "buy" rating in a research note on Thursday, November 21st.
Check Out Our Latest Research Report on Qifu Technology
Shares of QFIN opened at $36.18 on Tuesday. The stock has a market cap of $5.84 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 0.32 and a beta of 0.64. The stock's 50-day moving average price is $32.76 and its two-hundred day moving average price is $25.48. Qifu Technology, Inc. has a 1 year low of $13.71 and a 1 year high of $38.69.
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.
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