Qifu Technology, Inc. (NASDAQ:QFIN) Shares Sold by Oasis Management Co Ltd.

Oasis Management Co Ltd. lowered its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 22.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,180 shares of the company's stock after selling 79,787 shares during the quarter. Qifu Technology comprises 2.4% of Oasis Management Co Ltd.'s portfolio, making the stock its 8th largest holding. Oasis Management Co Ltd. owned approximately 0.17% of Qifu Technology worth $10,523,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in QFIN. Wilmington Savings Fund Society FSB acquired a new position in shares of Qifu Technology during the third quarter worth approximately $30,000. Franklin Resources Inc. lifted its holdings in shares of Qifu Technology by 12.9% during the third quarter. Franklin Resources Inc. now owns 61,616 shares of the company's stock worth $2,031,000 after buying an additional 7,033 shares during the last quarter. HB Wealth Management LLC acquired a new position in shares of Qifu Technology during the fourth quarter worth approximately $230,000. Artemis Investment Management LLP acquired a new position in shares of Qifu Technology during the fourth quarter worth approximately $12,493,000. Finally, Diversify Wealth Management LLC lifted its holdings in shares of Qifu Technology by 19.6% during the fourth quarter. Diversify Wealth Management LLC now owns 33,941 shares of the company's stock worth $1,225,000 after buying an additional 5,552 shares during the last quarter. Institutional investors own 74.81% of the company's stock.

Qifu Technology Price Performance

Shares of NASDAQ QFIN traded up $0.06 during trading hours on Friday, reaching $44.27. The stock had a trading volume of 1,406,244 shares, compared to its average volume of 1,563,469. The business's fifty day moving average is $41.62 and its two-hundred day moving average is $39.31. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.32 and a beta of 0.53. Qifu Technology, Inc. has a twelve month low of $18.13 and a twelve month high of $48.94.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last issued its earnings results on Sunday, March 16th. The company reported $1.82 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.14. The business had revenue of $613.89 million during the quarter, compared to analyst estimates of $581.67 million. Qifu Technology had a return on equity of 24.39% and a net margin of 31.82%. Sell-side analysts forecast that Qifu Technology, Inc. will post 5.71 earnings per share for the current fiscal year.

Qifu Technology Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, April 23rd will be paid a $0.70 dividend. This represents a dividend yield of 2.5%. This is a positive change from Qifu Technology's previous semi-annual dividend of $0.60. The ex-dividend date of this dividend is Wednesday, April 23rd. Qifu Technology's dividend payout ratio is presently 23.79%.

Analyst Ratings Changes

Separately, Bank of America upped their price target on Qifu Technology from $50.66 to $52.70 and gave the stock a "buy" rating in a report on Wednesday, March 26th.

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.