USA Financial Formulas Sells 393 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

USA Financial Formulas reduced its position in Qifu Technology, Inc. (NASDAQ:QFIN) by 28.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 997 shares of the company’s stock after selling 393 shares during the quarter. USA Financial Formulas’ holdings in Qifu Technology were worth $38,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of QFIN. American Century Companies Inc. boosted its holdings in Qifu Technology by 5.0% in the 2nd quarter. American Century Companies Inc. now owns 499,507 shares of the company’s stock worth $9,855,000 after buying an additional 23,565 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Qifu Technology by 104.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 20,015 shares of the company’s stock worth $395,000 after acquiring an additional 10,231 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Qifu Technology by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,193,893 shares of the company’s stock worth $43,262,000 after purchasing an additional 109,809 shares in the last quarter. Hsbc Holdings PLC raised its stake in Qifu Technology by 9.8% during the 2nd quarter. Hsbc Holdings PLC now owns 424,904 shares of the company’s stock valued at $8,377,000 after purchasing an additional 37,948 shares during the period. Finally, Seven Eight Capital LP purchased a new position in Qifu Technology in the 2nd quarter worth approximately $805,000. 74.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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 Trading Up 1.3 %

Shares of QFIN stock opened at $37.04 on Friday. The company’s fifty day simple moving average is $36.33 and its two-hundred day simple moving average is $29.46. Qifu Technology, Inc. has a 52 week low of $13.71 and a 52 week high of $40.31.

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.