QRG Capital Management Inc. lessened its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN – Free Report) by 40.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,629 shares of the company’s stock after selling 9,375 shares during the period. QRG Capital Management Inc.’s holdings in Qifu Technology were worth $251,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. raised its stake in Qifu Technology by 17.2% in the third quarter. American Century Companies Inc. now owns 379,186 shares of the company’s stock valued at $5,824,000 after buying an additional 55,766 shares during the period. Handelsinvest Investeringsforvaltning bought a new stake in Qifu Technology in the fourth quarter valued at approximately $150,000. SG Americas Securities LLC raised its stake in Qifu Technology by 69.5% in the fourth quarter. SG Americas Securities LLC now owns 43,718 shares of the company’s stock valued at $692,000 after buying an additional 17,922 shares during the period. Altfest L J & Co. Inc. raised its stake in Qifu Technology by 16.0% in the fourth quarter. Altfest L J & Co. Inc. now owns 22,960 shares of the company’s stock valued at $363,000 after buying an additional 3,171 shares during the period. Finally, Custom Index Systems LLC bought a new stake in Qifu Technology in the fourth quarter valued at approximately $443,000. Institutional investors own 74.81% of the company’s stock.
Qifu Technology Stock Up 1.6 %
NASDAQ:QFIN opened at $19.24 on Friday. The stock’s 50 day moving average price is $19.99 and its two-hundred day moving average price is $17.93. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 4.98, a P/E/G ratio of 0.42 and a beta of 0.61. Qifu Technology, Inc. has a 12-month low of $13.68 and a 12-month high of $21.57.
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 (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.02. Qifu Technology had a return on equity of 20.96% and a net margin of 26.80%. The firm had revenue of $575.21 million for the quarter, compared to analyst estimates of $590.38 million. Equities research analysts expect that Qifu Technology, Inc. will post 4.19 EPS for the current year.
Qifu Technology Profile
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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