APEIRON CAPITAL Ltd Invests $19.02 Million in Qifu Technology, Inc. (NASDAQ:QFIN)

APEIRON CAPITAL Ltd purchased a new stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 423,425 shares of the company's stock, valued at approximately $19,016,000. Qifu Technology accounts for approximately 8.7% of APEIRON CAPITAL Ltd's holdings, making the stock its 4th largest holding. APEIRON CAPITAL Ltd owned approximately 0.27% of Qifu Technology as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of QFIN. Aspex Management HK Ltd raised its holdings in Qifu Technology by 11.3% in the fourth quarter. Aspex Management HK Ltd now owns 6,371,808 shares of the company's stock valued at $244,550,000 after acquiring an additional 648,088 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Qifu Technology by 11.9% in the 4th quarter. AQR Capital Management LLC now owns 2,432,131 shares of the company's stock valued at $93,345,000 after purchasing an additional 258,586 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Qifu Technology in the 4th quarter valued at $92,150,000. Man Group plc lifted its position in shares of Qifu Technology by 10.4% during the 4th quarter. Man Group plc now owns 1,529,897 shares of the company's stock worth $58,717,000 after purchasing an additional 144,328 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Qifu Technology by 10.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,478,319 shares of the company's stock worth $56,738,000 after purchasing an additional 134,326 shares during the last quarter. Institutional investors and hedge funds own 74.81% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wall Street Zen upgraded Qifu Technology from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Bank of America increased their price objective on Qifu Technology from $50.66 to $52.70 and gave the company a "buy" rating in a report on Wednesday, March 26th.

Qifu Technology Stock Down 0.6%

Shares of NASDAQ:QFIN traded down $0.26 during trading on Friday, hitting $44.53. 600,909 shares of the company were exchanged, compared to its average volume of 1,576,906. The firm's 50 day moving average price is $42.29 and its 200-day moving average price is $41.00. Qifu Technology, Inc. has a 12-month low of $18.13 and a 12-month high of $48.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.08 and a quick ratio of 3.08. The stock has a market capitalization of $7.02 billion, a P/E ratio of 6.83, a PEG ratio of 0.56 and a beta of 0.49.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings results on Monday, May 19th. The company reported $1.74 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.02. The firm had revenue of $646.19 million during the quarter, compared to analysts' expectations of $4.61 billion. Qifu Technology had a net margin of 38.99% and a return on equity of 29.73%. On average, research analysts predict that Qifu Technology, Inc. will post 5.71 earnings per share for the current fiscal year.

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.