Natixis Advisors LLC lifted its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 34.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,682 shares of the company's stock after buying an additional 8,061 shares during the period. Natixis Advisors LLC's holdings in Qifu Technology were worth $1,423,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. HB Wealth Management LLC grew its position in Qifu Technology by 7.2% in the 1st quarter. HB Wealth Management LLC now owns 6,431 shares of the company's stock worth $289,000 after purchasing an additional 431 shares during the last quarter. GeoWealth Management LLC bought a new stake in shares of Qifu Technology during the fourth quarter valued at approximately $26,000. O Shaughnessy Asset Management LLC boosted its position in shares of Qifu Technology by 11.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,172 shares of the company's stock worth $390,000 after buying an additional 1,018 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Qifu Technology by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 242,000 shares of the company's stock worth $9,288,000 after buying an additional 1,100 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of Qifu Technology by 8.5% during the fourth quarter. Quantinno Capital Management LP now owns 17,848 shares of the company's stock worth $685,000 after buying an additional 1,392 shares during the period. Institutional investors own 74.81% of the company's stock.
Qifu Technology Price Performance
QFIN traded down $1.02 during trading on Monday, reaching $32.37. The stock had a trading volume of 1,103,909 shares, compared to its average volume of 1,703,587. The firm has a market capitalization 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 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 1-year low of $20.39 and a 1-year high of $48.94. The stock has a 50 day moving average of $40.51 and a two-hundred day moving average of $41.31.
Qifu Technology (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported $1.74 EPS for the quarter, beating analysts' consensus estimates of $1.72 by $0.02. Qifu Technology had a return on equity of 29.73% and a net margin of 38.99%. The company had revenue of $646.19 million during the quarter, compared to the consensus estimate of $4.61 billion. As a group, equities analysts anticipate that Qifu Technology, Inc. will post 5.71 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on QFIN shares. Wall Street Zen downgraded Qifu Technology from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. started coverage on Qifu Technology in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $65.00 price objective for the company.
View Our Latest Stock 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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