Swedbank AB Boosts Stake in Qifu Technology, Inc. (NASDAQ:QFIN)

Swedbank AB lifted its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 156.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 754,300 shares of the company’s stock after buying an additional 459,700 shares during the period. Swedbank AB owned approximately 0.47% of Qifu Technology worth $22,486,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Qifu Technology in the second quarter worth approximately $31,000. Blue Trust Inc. boosted its holdings in Qifu Technology by 598.4% in the second quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after purchasing an additional 1,484 shares during the last quarter. USA Financial Formulas bought a new stake in Qifu Technology in the 3rd quarter worth approximately $41,000. Venturi Wealth Management LLC purchased a new stake in Qifu Technology during the 3rd quarter valued at $54,000. Finally, Signaturefd LLC lifted its holdings in shares of Qifu Technology by 67.3% during the 2nd quarter. Signaturefd LLC now owns 7,283 shares of the company’s stock valued at $144,000 after buying an additional 2,931 shares during the period. 74.81% of the stock is currently owned by institutional investors.

Qifu Technology Trading Down 2.0 %

QFIN opened at $33.85 on Tuesday. The company’s 50 day moving average is $31.43 and its 200 day moving average is $24.82. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 0.31 and a beta of 0.61. Qifu Technology, Inc. has a 12-month low of $13.71 and a 12-month high of $35.44.

Analyst Upgrades and Downgrades

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

About Qifu Technology

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.