Qifu Technology, Inc. (NASDAQ:QFIN) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lessened its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 95.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 13,100 shares of the company's stock after selling 250,700 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in Qifu Technology were worth $588,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GeoWealth Management LLC acquired a new position in Qifu Technology during the 4th quarter worth $26,000. Virtus Investment Advisers Inc. bought a new stake in shares of Qifu Technology in the 4th quarter worth $61,000. State of Wyoming bought a new stake in shares of Qifu Technology in the 4th quarter worth $97,000. Burns Matteson Capital Management LLC bought a new stake in shares of Qifu Technology in the 1st quarter worth $201,000. Finally, Ballentine Partners LLC bought a new stake in shares of Qifu Technology in the 1st quarter worth $206,000. Institutional investors and hedge funds own 74.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on QFIN shares. JPMorgan Chase & Co. started coverage on Qifu Technology in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $65.00 price objective on the stock. Wall Street Zen downgraded Qifu Technology from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th.

Qifu Technology Trading Down 1.1%

Shares of NASDAQ QFIN opened at $33.28 on Tuesday. Qifu Technology, Inc. has a 12 month low of $18.13 and a 12 month high of $48.94. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 5.10, a P/E/G ratio of 0.42 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. The business has a fifty day simple moving average of $41.56 and a 200-day simple moving average of $41.55.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last announced its earnings results on Monday, May 19th. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.72 by $0.02. Qifu Technology had a return on equity of 29.73% and a net margin of 38.99%. The business had revenue of $646.19 million during the quarter, compared to the consensus estimate of $4.61 billion. Sell-side analysts predict that Qifu Technology, Inc. will post 5.71 EPS for the current 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.

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