Sanctuary Advisors LLC Acquires New Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

Sanctuary Advisors LLC bought a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 35,597 shares of the company’s stock, valued at approximately $1,061,000.

A number of other institutional investors have also made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of Qifu Technology during the 2nd quarter worth approximately $31,000. Blue Trust Inc. boosted its position in shares of Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after buying an additional 1,484 shares during the period. USA Financial Formulas acquired a new stake in shares of Qifu Technology in the third quarter valued at $41,000. Point72 DIFC Ltd purchased a new stake in shares of Qifu Technology in the 3rd quarter valued at $43,000. Finally, Venturi Wealth Management LLC acquired a new position in Qifu Technology during the 3rd quarter worth about $54,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Citigroup lifted their target price on Qifu Technology from $31.44 to $37.50 and gave the company a “buy” rating in a research report on Thursday, November 21st.

Qifu Technology Stock Up 0.9 %

NASDAQ:QFIN opened at $38.25 on Friday. Qifu Technology, Inc. has a 52 week low of $13.71 and a 52 week high of $40.31. The company has a fifty day simple moving average of $34.70 and a two-hundred day simple moving average of $27.19. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 0.33 and a beta of 0.64.

Qifu Technology Company 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.