325,500 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP acquired a new stake in Qifu Technology, Inc. (NASDAQ:QFIN) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 325,500 shares of the company’s stock, valued at approximately $12,493,000.

Several other large investors have also recently added to or reduced their stakes in QFIN. AQR Capital Management LLC acquired a new stake in shares of Qifu Technology in the second quarter valued at approximately $25,560,000. Marshall Wace LLP raised its holdings in Qifu Technology by 557.5% in the 2nd quarter. Marshall Wace LLP now owns 776,457 shares of the company’s stock valued at $15,319,000 after acquiring an additional 658,366 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Qifu Technology by 66.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company’s stock valued at $40,818,000 after acquiring an additional 548,678 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Qifu Technology by 148.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,343 shares of the company’s stock worth $24,454,000 after purchasing an additional 489,865 shares in the last quarter. Finally, Swedbank AB increased its position in shares of Qifu Technology by 156.0% in the third quarter. Swedbank AB now owns 754,300 shares of the company’s stock worth $22,486,000 after purchasing an additional 459,700 shares during the period. Institutional investors own 74.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup upped 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 Trading Up 3.6 %

NASDAQ QFIN opened at $38.37 on Monday. The firm’s 50 day simple moving average is $36.47 and its 200 day simple moving average is $29.73. Qifu Technology, Inc. has a 1 year low of $13.71 and a 1 year high of $40.31.

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.