Banque Cantonale Vaudoise increased its holdings in Qifu Technology, Inc. (NASDAQ:QFIN – free report) by 94.3% during the first quarter, according to the latest filing with the SEC. The institutional investor bought an additional 100,000 shares during the quarter, bringing its holdings to 206,000 shares of the company’s stock. Banque Cantonale Vaudoise held approximately 0.13% of Qifu Technology, valued at $3,797,000, as of the end of the latest reporting period.
Other large investors also recently bought and sold shares of QFIN. Parallel Advisors LLC increased its holdings in Qifu Technology by 83.9% in the fourth quarter. Parallel Advisors LLC now owns 2,426 shares of the company’s stock, valued at $38,000, after purchasing an additional 1,107 shares during the period. Employees Retirement System of Texas purchased a new stake in Qifu Technology worth approximately $51,000 in the third quarter. Clear Street Markets LLC purchased a new stake in Qifu Technology worth approximately $58,000 in the third quarter. BOCHK Asset Management Ltd purchased a new stake in Qifu Technology worth approximately $95,000 in the fourth quarter. Finally, Barometer Capital Management Inc. bought a new stake in Qifu Technology during the 4th quarter worth about $127,000. 74.81% of the stock is now owned by institutional investors.
Qifu Technology shares rise 0.6%
QFIN shares opened trading at $19.76 on Friday. Qifu Technology, Inc. has a 12-month low of $13.68 and a 12-month high of $21.57. The stock has a market cap of $3.19 billion, a P/E ratio of 5.12, a PEG ratio of 0.43 and a beta of 0.50. The company’s 50-day moving average price is $19.64 and its 200-day moving average price is $17.22.
Qifu Technology (NASDAQ:QFIN – Get free report ) last released its quarterly earnings data on Sunday, May 19th. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.02. Qifu Technology had return on equity of 20.96% and net margin of 26.80%. The company had revenue of $575.21 million for the quarter, compared to analysts’ estimates of $590.38 million. On average, equities research analysts expect Qifu Technology, Inc. to report earnings per share of $4.19 for the current fiscal year.
Analyst Rating Changes
Meanwhile, Citigroup increased their price target on Qifu Technology from $23.54 to $23.80 and gave the company a “buy” rating in a research note on Thursday, March 14th.
Get the latest analysis on QFIN
Qifu Technology Profile
(Free report)
Qifu Technology, Inc., through its subsidiaries, operates a credit technology platform in the People’s Republic of China under the brand name 360 Jietiao. The company provides platform services, including credit-driven services that match borrowers with financial institutions for customer acquisition, initial and credit screening, advanced risk assessment, credit evaluation, capital matching and other post-facilitation services, as well as loan facilitation and post-facilitation services to its financial institution partners under its intelligent credit engine, referral services and risk management software as a service.
References
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