XTX Topco Ltd Has $355,000 Position in Qifu Technology, Inc. (NASDAQ:QFIN)

XTX Topco Ltd raised its position in Qifu Technology, Inc. (NASDAQ:QFIN) by 9.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,913 shares of the company’s stock after buying an additional 997 shares during the quarter. XTX Topco Ltd’s holdings in Qifu Technology were worth $355,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in QFIN. AQR Capital Management LLC bought a new stake in shares of Qifu Technology in the second quarter valued at about $25,560,000. Acadian Asset Management LLC boosted its holdings in Qifu Technology by 1,789.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company’s stock valued at $24,450,000 after purchasing an additional 1,174,824 shares during the period. Prudential PLC grew its position in shares of Qifu Technology by 634.1% during the 2nd quarter. Prudential PLC now owns 956,998 shares of the company’s stock worth $18,882,000 after purchasing an additional 826,631 shares in the last quarter. Marshall Wace LLP raised its position in shares of Qifu Technology by 557.5% in the second quarter. Marshall Wace LLP now owns 776,457 shares of the company’s stock valued at $15,319,000 after buying an additional 658,366 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Qifu Technology by 66.9% in 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. Institutional investors own 74.81% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup increased their price objective on shares of Qifu Technology from $31.44 to $37.50 and gave the stock a “buy” rating in a research note on Thursday, November 21st.

Qifu Technology Stock Performance

Shares of QFIN opened at $38.30 on Tuesday. Qifu Technology, Inc. has a 52-week low of $13.71 and a 52-week high of $40.31. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 0.33 and a beta of 0.64. The business’s fifty day moving average is $34.08 and its 200-day moving average is $26.57.

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.