Wrapmanager Inc. Invests $216,000 in Qifu Technology, Inc. (NASDAQ:QFIN)

Wrapmanager Inc. bought a new position in Qifu Technology, Inc. (NASDAQ:QFIN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,258 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors have also recently made changes to their positions in QFIN. LMR Partners LLP boosted its stake in Qifu Technology by 3.0% during the 3rd quarter. LMR Partners LLP now owns 30,816 shares of the company’s stock valued at $919,000 after purchasing an additional 892 shares during the last quarter. Claro Advisors LLC purchased a new position in shares of Qifu Technology during the third quarter valued at approximately $285,000. Natixis Advisors LLC bought a new position in Qifu Technology during the third quarter valued at approximately $654,000. KBC Group NV purchased a new stake in Qifu Technology in the third quarter worth approximately $278,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Qifu Technology by 41.7% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 109,561 shares of the company’s stock valued at $3,266,000 after buying an additional 32,248 shares during the period. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Price Performance

QFIN stock opened at $32.37 on Wednesday. The company has a market cap of $5.22 billion, a P/E ratio of 7.78, a price-to-earnings-growth ratio of 0.42 and a beta of 0.61. The stock’s fifty day moving average price is $30.68 and its 200-day moving average price is $24.41. Qifu Technology, Inc. has a 1 year low of $13.71 and a 1 year high of $35.23.

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.