California Public Employees Retirement System Purchases Shares of 18,347 360 Finance Inc (NASDAQ:QFIN)

California Public Employees Retirement System purchased a new stake in shares of 360 Finance Inc (NASDAQ:QFIN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,347 shares of the company’s stock, valued at approximately $163,000.

Other institutional investors also recently added to or reduced their stakes in the company. TT International acquired a new position in shares of 360 Finance in the 2nd quarter worth approximately $42,047,000. FMR LLC increased its holdings in 360 Finance by 3.6% in the 1st quarter. FMR LLC now owns 1,061,095 shares of the company’s stock valued at $16,447,000 after purchasing an additional 37,295 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in 360 Finance in the second quarter valued at approximately $2,933,000. Marshall Wace North America L.P. purchased a new stake in 360 Finance in the second quarter valued at approximately $1,871,000. Finally, Krane Funds Advisors LLC acquired a new position in 360 Finance during the second quarter worth $1,768,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

QFIN opened at $9.43 on Friday. 360 Finance Inc has a 52 week low of $7.76 and a 52 week high of $24.45. The business has a fifty day simple moving average of $8.89 and a 200-day simple moving average of $10.76. The firm has a market cap of $1.35 billion and a P/E ratio of 3.68.

360 Finance Company Profile

360 Finance, Inc operates a digital consumer finance platform in China. Its platform provides online consumer finance products to prime and underserved borrowers. The company was founded in 2016 and is headquartered in Shanghai, China.

Further Reading: Call Option

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Institutional Ownership by Quarter for 360 Finance (NASDAQ:QFIN)

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