DGS Capital Management LLC Buys 631 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

DGS Capital Management LLC grew its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,413 shares of the company’s stock after purchasing an additional 631 shares during the quarter. DGS Capital Management LLC’s holdings in Qifu Technology were worth $438,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Shilanski & Associates Inc. acquired a new position in Qifu Technology during the fourth quarter worth $327,000. Yeomans Consulting Group Inc. acquired a new position in shares of Qifu Technology during the 4th quarter worth about $280,000. Janney Montgomery Scott LLC acquired a new position in shares of Qifu Technology during the 4th quarter worth about $340,000. Atomi Financial Group Inc. bought a new stake in shares of Qifu Technology in the 4th quarter valued at about $202,000. Finally, Diversify Wealth Management LLC lifted its stake in Qifu Technology by 19.6% in the 4th quarter. Diversify Wealth Management LLC now owns 33,941 shares of the company’s stock valued at $1,225,000 after purchasing 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 Qifu Technology stock opened at $39.93 on Friday. The business has a fifty day simple moving average of $37.29 and a two-hundred day simple moving average of $30.33. Qifu Technology, Inc. has a 1 year low of $13.71 and a 1 year high of $40.31. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 0.30 and a beta of 0.64.

Wall Street Analysts Forecast Growth

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

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.