EverSource Wealth Advisors LLC Buys 7,135 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

EverSource Wealth Advisors LLC boosted its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 4,272.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,302 shares of the company’s stock after acquiring an additional 7,135 shares during the period. EverSource Wealth Advisors LLC’s holdings in Qifu Technology were worth $280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Candriam S.C.A. bought a new stake in shares of Qifu Technology during the 4th quarter valued at $27,185,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Qifu Technology by 148.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,343 shares of the company’s stock valued at $24,454,000 after acquiring an additional 489,865 shares during the period. Swedbank AB boosted its stake in shares of Qifu Technology by 156.0% in the third quarter. Swedbank AB now owns 754,300 shares of the company’s stock worth $22,486,000 after acquiring an additional 459,700 shares during the period. NS Partners Ltd purchased a new stake in shares of Qifu Technology during the fourth quarter worth about $17,177,000. Finally, Point72 Hong Kong Ltd raised its stake in Qifu Technology by 443.0% during the 3rd quarter. Point72 Hong Kong Ltd now owns 535,498 shares of the company’s stock valued at $15,963,000 after purchasing an additional 436,882 shares during the period. Institutional investors own 74.81% of the company’s stock.

Analysts Set New Price Targets

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

Qifu Technology Stock Up 8.1 %

Shares of QFIN stock opened at $43.19 on Friday. The company’s fifty day simple moving average is $40.41 and its two-hundred day simple moving average is $35.33. Qifu Technology, Inc. has a 52 week low of $17.76 and a 52 week high of $46.25. The stock has a market cap of $6.81 billion, a P/E ratio of 8.74, a PEG ratio of 0.32 and a beta of 0.59.

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.