Tidal Investments LLC Purchases Shares of 20,552 Qifu Technology, Inc. (NASDAQ:QFIN)

Tidal Investments LLC bought a new stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,552 shares of the company’s stock, valued at approximately $613,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE boosted its stake in shares of Qifu Technology by 16.5% during the 3rd quarter. US Bancorp DE now owns 5,410 shares of the company’s stock worth $161,000 after acquiring an additional 765 shares during the last quarter. LMR Partners LLP lifted its position in shares of Qifu Technology by 3.0% during the 3rd quarter. LMR Partners LLP now owns 30,816 shares of the company’s stock valued at $919,000 after buying an additional 892 shares in the last quarter. XTX Topco Ltd grew its stake in shares of Qifu Technology by 9.1% during the 3rd quarter. XTX Topco Ltd now owns 11,913 shares of the company’s stock valued at $355,000 after acquiring an additional 997 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Qifu Technology during the 3rd quarter worth approximately $30,000. Finally, Diversify Wealth Management LLC lifted its holdings in Qifu Technology by 4.7% during the third quarter. Diversify Wealth Management LLC now owns 28,389 shares of the company’s stock valued at $846,000 after purchasing an additional 1,284 shares in the last quarter. 74.81% of the stock is owned by hedge funds and other institutional investors.

Qifu Technology Stock Up 0.9 %

Shares of Qifu Technology stock opened at $38.25 on Friday. Qifu Technology, Inc. has a 52 week low of $13.71 and a 52 week high of $40.31. The stock’s 50-day simple moving average is $34.70 and its 200-day simple moving average is $27.19. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 0.33 and a beta of 0.64.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised their price objective on shares of Qifu Technology from $31.44 to $37.50 and gave the company a “buy” rating in a research report on Thursday, November 21st.

Qifu Technology 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.