B. Metzler seel. Sohn & Co. Holding AG Takes $473,000 Position in Qifu Technology, Inc. (NASDAQ:QFIN)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,883 shares of the company’s stock, valued at approximately $473,000.

A number of other hedge funds have also added to or reduced their stakes in QFIN. AQR Capital Management LLC bought a new stake in Qifu Technology during the second quarter worth $25,560,000. Acadian Asset Management LLC lifted its position in shares of Qifu Technology by 1,789.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company’s stock worth $24,450,000 after buying an additional 1,174,824 shares during the last quarter. Prudential PLC lifted its position in shares of Qifu Technology by 634.1% during the 2nd quarter. Prudential PLC now owns 956,998 shares of the company’s stock worth $18,882,000 after buying an additional 826,631 shares during the last quarter. Marshall Wace LLP boosted its stake in Qifu Technology by 557.5% in the second quarter. Marshall Wace LLP now owns 776,457 shares of the company’s stock valued at $15,319,000 after buying an additional 658,366 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Qifu Technology by 66.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company’s stock worth $40,818,000 after acquiring an additional 548,678 shares in the last quarter. 74.81% of the stock is owned by institutional investors.

Qifu Technology Stock Performance

NASDAQ QFIN opened at $34.53 on Monday. The firm’s fifty day moving average price is $31.43 and its two-hundred day moving average price is $24.79. The stock has a market cap of $5.57 billion, a PE ratio of 6.99, a PEG ratio of 0.32 and a beta of 0.61. Qifu Technology, Inc. has a fifty-two week low of $13.71 and a fifty-two week high of $35.44.

Wall Street Analyst Weigh In

Separately, Citigroup raised their price target on shares of Qifu Technology from $31.44 to $37.50 and gave the company a “buy” rating in a research note on Thursday.

About Qifu Technology

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.