Qifu Technology, Inc. (NASDAQ:QFIN) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its position in Qifu Technology, Inc. (NASDAQ:QFIN) by 55.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,716 shares of the company’s stock after selling 23,258 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Qifu Technology were worth $716,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Qifu Technology in the third quarter valued at about $30,000. Point72 DIFC Ltd purchased a new stake in shares of Qifu Technology in the third quarter valued at about $43,000. BOCHK Asset Management Ltd purchased a new stake in shares of Qifu Technology in the fourth quarter valued at about $46,000. Venturi Wealth Management LLC purchased a new position in Qifu Technology during the third quarter worth about $54,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in Qifu Technology by 474.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,293 shares of the company’s stock worth $158,000 after buying an additional 4,372 shares during the period. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Price Performance

Shares of QFIN stock opened at $43.00 on Thursday. The firm has a market cap of $6.78 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 0.32 and a beta of 0.63. The company has a 50-day moving average of $38.72 and a two-hundred day moving average of $32.24. Qifu Technology, Inc. has a 1-year low of $14.72 and a 1-year high of $44.00.

Analyst Ratings Changes

Separately, Citigroup increased their target price on shares of Qifu Technology from $31.44 to $37.50 and gave the stock a “buy” rating in a research note on Thursday, November 21st.

About Qifu Technology

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.