Artemis Investment Management LLP acquired a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 325,500 shares of the company’s stock, valued at approximately $12,493,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in QFIN. HB Wealth Management LLC bought a new position in Qifu Technology during the fourth quarter worth $230,000. Diversified Trust Co raised its position in shares of Qifu Technology by 64.0% in the 4th quarter. Diversified Trust Co now owns 42,233 shares of the company’s stock worth $1,621,000 after acquiring an additional 16,478 shares in the last quarter. DGS Capital Management LLC bought a new position in shares of Qifu Technology in the 3rd quarter worth about $321,000. Franklin Resources Inc. lifted its stake in shares of Qifu Technology by 12.9% in the 3rd quarter. Franklin Resources Inc. now owns 61,616 shares of the company’s stock valued at $2,031,000 after purchasing an additional 7,033 shares during the period. Finally, Tidal Investments LLC bought a new stake in shares of Qifu Technology during the 3rd quarter valued at about $613,000. 74.81% of the stock is 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 stock a “buy” rating in a report on Thursday, November 21st.
Qifu Technology Trading Up 3.6 %
NASDAQ:QFIN opened at $38.37 on Monday. Qifu Technology, Inc. has a twelve month low of $13.71 and a twelve month high of $40.31. The company has a fifty day moving average of $36.47 and a 200-day moving average of $29.73.
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.
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