Connor Clark & Lunn Investment Management Ltd. Purchases 489,865 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 148.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 820,343 shares of the company’s stock after buying an additional 489,865 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Qifu Technology were worth $24,454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE grew its position in Qifu Technology by 16.5% in the third quarter. US Bancorp DE now owns 5,410 shares of the company’s stock valued at $161,000 after purchasing an additional 765 shares in the last quarter. LMR Partners LLP grew its holdings in shares of Qifu Technology by 3.0% in the 3rd quarter. LMR Partners LLP now owns 30,816 shares of the company’s stock valued at $919,000 after acquiring an additional 892 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Qifu Technology by 1.1% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 97,036 shares of the company’s stock valued at $1,915,000 after acquiring an additional 1,012 shares during the last quarter. Diversify Wealth Management LLC increased its position in shares of Qifu Technology by 4.7% in the third quarter. Diversify Wealth Management LLC now owns 28,389 shares of the company’s stock valued at $846,000 after acquiring an additional 1,284 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in Qifu Technology during the third quarter valued at approximately $41,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qifu Technology Stock Up 8.9 %

QFIN stock opened at $35.25 on Thursday. Qifu Technology, Inc. has a twelve month low of $13.71 and a twelve month high of $35.44. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 7.14, a P/E/G ratio of 0.44 and a beta of 0.61. The business has a 50 day moving average price of $30.83 and a two-hundred day moving average price of $24.50.

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.