Qifu Technology, Inc. (NASDAQ:QFIN) Stock Holdings Lessened by Aspex Management HK Ltd

Aspex Management HK Ltd reduced its stake in Qifu Technology, Inc. (NASDAQ:QFIN) by 27.6% during the 3rd quarter, Holdings Channel reports. The fund owned 5,723,720 shares of the company’s stock after selling 2,181,771 shares during the period. Qifu Technology comprises about 4.5% of Aspex Management HK Ltd’s portfolio, making the stock its 9th biggest position. Aspex Management HK Ltd’s holdings in Qifu Technology were worth $170,624,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new position in Qifu Technology in the second quarter valued at $31,000. Blue Trust Inc. increased its stake in Qifu Technology by 598.4% in the second quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock valued at $32,000 after purchasing an additional 1,484 shares during the last quarter. USA Financial Formulas acquired a new position in Qifu Technology in the third quarter valued at $41,000. Venturi Wealth Management LLC acquired a new position in Qifu Technology in the third quarter valued at $54,000. Finally, Signaturefd LLC increased its stake in Qifu Technology by 67.3% in the second quarter. Signaturefd LLC now owns 7,283 shares of the company’s stock valued at $144,000 after purchasing an additional 2,931 shares during the last quarter. 74.81% of the stock is currently owned by hedge funds and other institutional investors.

Qifu Technology Price Performance

Shares of NASDAQ:QFIN opened at $38.11 on Monday. The firm has a market capitalization of $6.15 billion, a PE ratio of 7.71, a P/E/G ratio of 0.32 and a beta of 0.61. The business has a 50-day moving average of $32.56 and a two-hundred day moving average of $25.38. Qifu Technology, Inc. has a 12 month low of $13.71 and a 12 month high of $38.69.

Analysts Set New Price Targets

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

Qifu Technology Company 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.