Diversify Wealth Management LLC Raises Stake in Qifu Technology, Inc. (NASDAQ:QFIN)

Diversify Wealth Management LLC boosted its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 19.6% during the 4th quarter, HoldingsChannel reports. The firm owned 33,941 shares of the company’s stock after buying an additional 5,552 shares during the period. Diversify Wealth Management LLC’s holdings in Qifu Technology were worth $1,225,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Qifu Technology in the third quarter valued at about $30,000. USA Financial Formulas bought a new stake in shares of Qifu Technology in the 3rd quarter valued at about $41,000. Point72 DIFC Ltd purchased a new stake in shares of Qifu Technology in the 3rd quarter worth approximately $43,000. Venturi Wealth Management LLC bought a new position in shares of Qifu Technology during the third quarter valued at approximately $54,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in Qifu Technology by 474.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,293 shares of the company’s stock valued at $158,000 after buying an additional 4,372 shares during the period. 74.81% of the stock is currently owned by hedge funds and other institutional investors.

Qifu Technology Stock Up 3.6 %

Shares of QFIN stock opened at $38.37 on Tuesday. Qifu Technology, Inc. has a 12-month low of $13.71 and a 12-month high of $40.31. The business’s fifty day simple moving average is $36.58 and its 200-day simple moving average is $29.85.

Wall Street Analyst Weigh In

Separately, Citigroup upped their price objective on 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 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.