Canada Pension Plan Investment Board Purchases 273,500 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Canada Pension Plan Investment Board increased its stake in Qifu Technology, Inc. (NASDAQ:QFINFree Report) by 138.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 470,910 shares of the company’s stock after buying an additional 273,500 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.29% of Qifu Technology worth $7,233,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in QFIN. Morgan Stanley raised its stake in Qifu Technology by 2.1% in the 4th quarter. Morgan Stanley now owns 7,715,149 shares of the company’s stock valued at $157,080,000 after acquiring an additional 161,496 shares during the period. Vanguard Group Inc. raised its stake in Qifu Technology by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 4,975,876 shares of the company’s stock valued at $76,579,000 after acquiring an additional 126,007 shares during the period. Krane Funds Advisors LLC raised its stake in Qifu Technology by 18.7% in the 2nd quarter. Krane Funds Advisors LLC now owns 4,867,520 shares of the company’s stock valued at $84,111,000 after acquiring an additional 765,539 shares during the period. Yunqi Capital Ltd raised its stake in Qifu Technology by 4.7% in the 2nd quarter. Yunqi Capital Ltd now owns 4,170,464 shares of the company’s stock valued at $72,066,000 after acquiring an additional 186,536 shares during the period. Finally, BlackRock Inc. raised its stake in Qifu Technology by 3.8% in the 3rd quarter. BlackRock Inc. now owns 4,159,482 shares of the company’s stock valued at $53,323,000 after acquiring an additional 151,973 shares during the period. Institutional investors and hedge funds own 64.21% of the company’s stock.

Analyst Ratings Changes

Separately, Nomura began coverage on Qifu Technology in a research note on Monday, December 18th. They issued a “buy” rating on the stock.

View Our Latest Research Report on QFIN

Qifu Technology Stock Performance

QFIN opened at $14.85 on Tuesday. Qifu Technology, Inc. has a fifty-two week low of $13.12 and a fifty-two week high of $22.21. The company has a market capitalization of $2.40 billion, a P/E ratio of 4.27, a P/E/G ratio of 0.33 and a beta of 0.63. The stock has a fifty day moving average of $14.74 and a 200-day moving average of $15.60.

Qifu Technology (NASDAQ:QFINGet Free Report) last posted its earnings results on Thursday, November 16th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. The company had revenue of $586.76 million during the quarter, compared to the consensus estimate of $559.31 million. Qifu Technology had a return on equity of 20.02% and a net margin of 25.72%. On average, equities research analysts predict that Qifu Technology, Inc. will post 3.65 earnings per share for the current fiscal year.

Qifu Technology Company 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.

Further Reading

Want to see what other hedge funds are holding QFIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qifu Technology, Inc. (NASDAQ:QFINFree Report).

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

Receive News & Ratings for Qifu Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qifu Technology and related companies with MarketBeat.com's FREE daily email newsletter.