Daiwa Securities Group Inc. Has $361,000 Stake in Qifu Technology, Inc. (NASDAQ:QFIN)

Daiwa Securities Group Inc. grew its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 18.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,100 shares of the company’s stock after purchasing an additional 1,900 shares during the period. Daiwa Securities Group Inc.’s holdings in Qifu Technology were worth $361,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in QFIN. Vanguard Group Inc. grew its holdings in shares of Qifu Technology by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,651,879 shares of the company’s stock worth $85,734,000 after purchasing an additional 30,522 shares in the last quarter. California State Teachers Retirement System increased its holdings in Qifu Technology by 8.3% in the 1st quarter. California State Teachers Retirement System now owns 62,922 shares of the company’s stock valued at $1,160,000 after buying an additional 4,799 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its holdings in Qifu Technology by 1.1% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 97,036 shares of the company’s stock valued at $1,915,000 after buying an additional 1,012 shares during the period. SG Americas Securities LLC raised its position in shares of Qifu Technology by 3.1% in the 2nd quarter. SG Americas Securities LLC now owns 62,547 shares of the company’s stock valued at $1,234,000 after buying an additional 1,864 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Qifu Technology by 598.4% during the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after acquiring an additional 1,484 shares during the period. 74.81% of the stock is owned by institutional investors.

Qifu Technology Stock Up 0.6 %

Shares of QFIN stock opened at $38.11 on Monday. Qifu Technology, Inc. has a twelve month low of $13.71 and a twelve month high of $38.69. The business has a fifty day simple moving average of $32.56 and a 200 day simple moving average of $25.38. The company has a market cap of $6.15 billion, a P/E ratio of 7.71, a P/E/G ratio of 0.32 and a beta of 0.61.

Analyst Ratings Changes

Separately, Citigroup lifted their price objective 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.

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.