Shares of Qifu Technology, Inc. (NASDAQ:QFIN – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $46.96 and last traded at $46.11, with a volume of 592955 shares trading hands. The stock had previously closed at $43.19.
Analyst Upgrades and Downgrades
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 note on Thursday, November 21st.
Check Out Our Latest Analysis on Qifu Technology
Qifu Technology Price Performance
Hedge Funds Weigh In On Qifu Technology
Several hedge funds have recently bought and sold shares of QFIN. Aspex Management HK Ltd grew its position in Qifu Technology by 11.3% in the fourth quarter. Aspex Management HK Ltd now owns 6,371,808 shares of the company’s stock valued at $244,550,000 after acquiring an additional 648,088 shares in the last quarter. AQR Capital Management LLC boosted its stake in Qifu Technology by 11.9% in the fourth quarter. AQR Capital Management LLC now owns 2,432,131 shares of the company’s stock valued at $93,345,000 after acquiring an additional 258,586 shares during the period. Alliancebernstein L.P. acquired a new position in Qifu Technology during the 4th quarter valued at approximately $92,150,000. State Street Corp boosted its stake in Qifu Technology by 5.8% during the 3rd quarter. State Street Corp now owns 2,324,831 shares of the company’s stock valued at $70,637,000 after purchasing an additional 128,381 shares during the period. Finally, Man Group plc raised its stake in shares of Qifu Technology by 10.4% during the fourth quarter. Man Group plc now owns 1,529,897 shares of the company’s stock valued at $58,717,000 after purchasing an additional 144,328 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.
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.
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