Advisors Preferred LLC Takes $41,000 Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Advisors Preferred LLC acquired a new stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) during the fourth quarter, Holdings Channel.com reports. The fund acquired 1,069 shares of the company’s stock, valued at approximately $41,000.

A number of other hedge funds also recently made changes to their positions in QFIN. Wilmington Savings Fund Society FSB purchased a new stake in shares of Qifu Technology during the third quarter valued at approximately $30,000. Point72 DIFC Ltd acquired a new stake in shares of Qifu Technology during the third quarter worth approximately $43,000. BOCHK Asset Management Ltd acquired a new stake in shares of Qifu Technology during the fourth quarter worth approximately $46,000. Venturi Wealth Management LLC acquired a new stake in shares of Qifu Technology during the third quarter worth approximately $54,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in shares of Qifu Technology by 474.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,293 shares of the company’s stock worth $158,000 after buying an additional 4,372 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised their price target on shares of 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 Price Performance

Qifu Technology stock opened at $42.98 on Friday. The company has a market cap of $6.77 billion, a PE ratio of 8.70, a P/E/G ratio of 0.32 and a beta of 0.63. The company has a fifty day moving average price of $38.47 and a two-hundred day moving average price of $31.75. Qifu Technology, Inc. has a 12 month low of $13.81 and a 12 month high of $44.00.

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.