Jupiter Asset Management Ltd. Buys 180,700 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Jupiter Asset Management Ltd. boosted its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 217.4% in the fourth quarter, Holdings Channel reports. The firm owned 263,800 shares of the company’s stock after acquiring an additional 180,700 shares during the period. Jupiter Asset Management Ltd.’s holdings in Qifu Technology were worth $10,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in Qifu Technology during the fourth quarter worth approximately $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Qifu Technology in the third quarter valued at approximately $30,000. Advisors Preferred LLC bought a new stake in shares of Qifu Technology in the fourth quarter valued at approximately $41,000. Global Retirement Partners LLC boosted its position in shares of Qifu Technology by 80.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,164 shares of the company’s stock valued at $45,000 after acquiring an additional 518 shares during the period. Finally, BOCHK Asset Management Ltd bought a new stake in shares of Qifu Technology in the fourth quarter valued at approximately $46,000. Institutional investors own 74.81% of the company’s stock.

Qifu Technology Trading Down 0.8 %

QFIN opened at $40.43 on Thursday. Qifu Technology, Inc. has a 1-year low of $16.47 and a 1-year high of $46.25. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 0.32 and a beta of 0.59. The business has a 50 day moving average of $40.30 and a 200-day moving average of $35.11.

Wall Street Analysts Forecast Growth

Separately, Citigroup increased their price objective on 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 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.