Artemis Investment Management LLP Takes Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Artemis Investment Management LLP acquired a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) 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.