Keystone Investors PTE Ltd. acquired a new stake in shares of 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 institutional investor acquired 1,175,990 shares of the company's stock, valued at approximately $52,814,000. Qifu Technology comprises about 7.4% of Keystone Investors PTE Ltd.'s investment portfolio, making the stock its 5th largest position. Keystone Investors PTE Ltd. owned 0.75% of Qifu Technology as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in QFIN. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Qifu Technology by 10,812.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,042,306 shares of the company's stock valued at $91,720,000 after purchasing an additional 2,023,590 shares during the last quarter. Krane Funds Advisors LLC lifted its holdings in shares of Qifu Technology by 24.4% in the 1st quarter. Krane Funds Advisors LLC now owns 7,032,927 shares of the company's stock valued at $315,849,000 after acquiring an additional 1,381,624 shares during the last quarter. Aspex Management HK Ltd lifted its holdings in shares of Qifu Technology by 11.3% in the 4th 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 during the last quarter. Panview Capital Ltd bought a new position in shares of Qifu Technology in the 1st quarter valued at about $24,925,000. Finally, Marshall Wace LLP lifted its holdings in shares of Qifu Technology by 67.5% in the 4th quarter. Marshall Wace LLP now owns 1,351,277 shares of the company's stock valued at $51,862,000 after acquiring an additional 544,666 shares during the last quarter. Institutional investors own 74.81% of the company's stock.
Qifu Technology Trading Down 3.1%
Qifu Technology stock traded down $1.02 during midday trading on Monday, reaching $32.37. The stock had a trading volume of 1,103,901 shares, compared to its average volume of 1,703,587. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.21. Qifu Technology, Inc. has a 52-week low of $20.39 and a 52-week high of $48.94. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 4.96, a price-to-earnings-growth ratio of 0.41 and a beta of 0.39. The company has a fifty day moving average of $40.68 and a 200 day moving average of $41.36.
Qifu Technology (NASDAQ:QFIN - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The company reported $1.74 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.02. Qifu Technology had a net margin of 38.99% and a return on equity of 29.73%. The company had revenue of $646.19 million for the quarter, compared to analyst estimates of $4.61 billion. On average, analysts anticipate that Qifu Technology, Inc. will post 5.71 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
QFIN has been the subject of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Qifu Technology in a report on Wednesday, July 2nd. They issued an "overweight" rating and a $65.00 price target for the company. Wall Street Zen downgraded shares of Qifu Technology from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th.
Read Our Latest Research Report on Qifu Technology
About Qifu Technology
(
Free Report)
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.
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