Sumitomo Mitsui DS Asset Management Company Ltd Invests $203,000 in Qifu Technology, Inc. (NASDAQ:QFIN)

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,288 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors have also modified their holdings of QFIN. Wilmington Savings Fund Society FSB purchased a new stake in shares of Qifu Technology during the 3rd quarter worth approximately $30,000. Point72 DIFC Ltd purchased a new stake in shares of Qifu Technology during the 3rd quarter worth approximately $43,000. BOCHK Asset Management Ltd purchased a new stake in shares of Qifu Technology during the 4th quarter worth approximately $46,000. Venturi Wealth Management LLC purchased a new stake in shares of Qifu Technology during the 3rd quarter worth approximately $54,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Qifu Technology by 474.7% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Qifu Technology Price Performance

QFIN stock opened at $43.00 on Thursday. The company has a fifty day moving average price of $38.72 and a 200 day moving average price of $32.24. Qifu Technology, Inc. has a 12 month low of $14.72 and a 12 month high of $44.00. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 0.32 and a beta of 0.63.

Qifu Technology 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.