Y Intercept Hong Kong Ltd Sells 24,917 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 50.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,207 shares of the company’s stock after selling 24,917 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Qifu Technology were worth $722,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of QFIN. Natixis Advisors LLC acquired a new stake in shares of Qifu Technology in the third quarter valued at $654,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Qifu Technology by 148.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,343 shares of the company’s stock valued at $24,454,000 after acquiring an additional 489,865 shares in the last quarter. Point72 Hong Kong Ltd raised its stake in shares of Qifu Technology by 443.0% in the third quarter. Point72 Hong Kong Ltd now owns 535,498 shares of the company’s stock worth $15,963,000 after acquiring an additional 436,882 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Qifu Technology during the second quarter worth approximately $25,560,000. Finally, Hsbc Holdings PLC grew its stake in shares of Qifu Technology by 9.8% during the second quarter. Hsbc Holdings PLC now owns 424,904 shares of the company’s stock valued at $8,377,000 after purchasing an additional 37,948 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.

Analysts Set New Price Targets

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

Qifu Technology Stock Up 3.4 %

Qifu Technology stock opened at $38.85 on Friday. The business’s 50-day simple moving average is $33.96 and its 200 day simple moving average is $26.35. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.32 and a beta of 0.64. Qifu Technology, Inc. has a 12-month low of $13.71 and a 12-month high of $40.31.

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.