Shilanski & Associates Inc. Takes Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Shilanski & Associates Inc. bought a new stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,451 shares of the company’s stock, valued at approximately $327,000.

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

Wall Street Analyst Weigh In

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

Qifu Technology Trading Down 3.8 %

Qifu Technology stock opened at $37.99 on Friday. The firm has a market cap of $5.99 billion, a PE ratio of 7.69, a P/E/G ratio of 0.30 and a beta of 0.64. The stock’s 50 day simple moving average is $36.93 and its two-hundred day simple moving average is $30.06. Qifu Technology, Inc. has a 12 month low of $13.71 and a 12 month high of $40.31.

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.