Bank of New York Mellon Corp Sells 6,627 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Bank of New York Mellon Corp lowered its position in Qifu Technology, Inc. (NASDAQ:QFINFree Report) by 5.5% in the third quarter, HoldingsChannel.com reports. The fund owned 114,264 shares of the company’s stock after selling 6,627 shares during the quarter. Bank of New York Mellon Corp’s holdings in Qifu Technology were worth $1,755,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of Qifu Technology by 131.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 266,536 shares of the company’s stock valued at $4,094,000 after purchasing an additional 151,510 shares in the last quarter. Perpetual Ltd acquired a new stake in shares of Qifu Technology in the third quarter valued at approximately $384,000. Virginia Retirement Systems ET AL acquired a new stake in shares of Qifu Technology in the second quarter valued at approximately $261,000. First Beijing Investment Ltd acquired a new stake in shares of Qifu Technology in the second quarter valued at approximately $50,280,000. Finally, National Pension Service increased its holdings in shares of Qifu Technology by 34.5% in the second quarter. National Pension Service now owns 37,800 shares of the company’s stock valued at $652,000 after purchasing an additional 9,700 shares in the last quarter. Institutional investors own 64.21% of the company’s stock.

Analyst Ratings Changes

Separately, Nomura assumed coverage on shares of Qifu Technology in a report on Monday, December 18th. They issued a “buy” rating for the company.

Read Our Latest Stock Report on Qifu Technology

Qifu Technology Stock Performance

QFIN opened at $14.94 on Wednesday. The company has a fifty day moving average price of $14.81 and a two-hundred day moving average price of $15.70. Qifu Technology, Inc. has a 52 week low of $13.12 and a 52 week high of $22.79. The firm has a market capitalization of $2.41 billion, a PE ratio of 4.29, a P/E/G ratio of 0.32 and a beta of 0.63.

Qifu Technology (NASDAQ:QFINGet Free Report) last released its earnings results on Thursday, November 16th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Qifu Technology had a net margin of 25.72% and a return on equity of 20.02%. The firm had revenue of $586.76 million during the quarter, compared to analyst estimates of $559.31 million. Equities analysts forecast that Qifu Technology, Inc. will post 3.65 EPS for the current year.

Qifu Technology Profile

(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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Institutional Ownership by Quarter for Qifu Technology (NASDAQ:QFIN)

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