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, 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.
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