Qifu Technology, Inc. (NASDAQ:QFIN) Shares Bought by Artemis Investment Management LLP

Artemis Investment Management LLP boosted its position in Qifu Technology, Inc. (NASDAQ:QFIN) by 83.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 598,432 shares of the company’s stock after buying an additional 272,932 shares during the period. Artemis Investment Management LLP’s holdings in Qifu Technology were worth $26,876,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its stake in Qifu Technology by 1.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 339,820 shares of the company’s stock worth $15,261,000 after acquiring an additional 4,039 shares during the period. APEIRON CAPITAL Ltd bought a new position in shares of Qifu Technology during the first quarter valued at approximately $19,016,000. Asset Management One Co. Ltd. raised its position in shares of Qifu Technology by 36.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 44,755 shares of the company’s stock worth $2,010,000 after purchasing an additional 11,882 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Qifu Technology in the 1st quarter worth approximately $208,000. Finally, Matthews International Capital Management LLC bought a new stake in shares of Qifu Technology in the 1st quarter worth approximately $4,025,000. Institutional investors own 74.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wall Street Zen raised Qifu Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 21st. Bank of America increased their price objective on shares of Qifu Technology from $50.66 to $52.70 and gave the stock a “buy” rating in a report on Wednesday, March 26th.

Qifu Technology Stock Performance

Shares of NASDAQ QFIN opened at $44.79 on Friday. Qifu Technology, Inc. has a 12-month low of $18.13 and a 12-month high of $48.94. The company has a market cap of $7.06 billion, a PE ratio of 6.87, a P/E/G ratio of 0.56 and a beta of 0.49. The stock has a 50 day simple moving average of $42.11 and a 200-day simple moving average of $40.96. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.21.

Qifu Technology (NASDAQ:QFIN) last announced its quarterly earnings results on Monday, May 19th. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.02. The company had revenue of $646.19 million during the quarter, compared to analyst estimates of $4.61 billion. Qifu Technology had a return on equity of 29.73% and a net margin of 38.99%. On average, equities research analysts forecast that Qifu Technology, Inc. will post 5.71 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.