Robeco Institutional Asset Management B.V. Has $12.89 Million Stock Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Robeco Institutional Asset Management B.V. reduced its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 75.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,781 shares of the company’s stock after selling 1,033,497 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.21% of Qifu Technology worth $12,887,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Qifu Technology during the third quarter worth $30,000. USA Financial Formulas acquired a new position in shares of Qifu Technology during the third quarter worth $41,000. Point72 DIFC Ltd acquired a new position in shares of Qifu Technology during the third quarter worth $43,000. Venturi Wealth Management LLC acquired a new position in shares of Qifu Technology during the third quarter worth $54,000. Finally, Atomi Financial Group Inc. acquired a new position in shares of Qifu Technology during the fourth quarter worth $202,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qifu Technology Stock Down 5.4 %

Shares of Qifu Technology stock opened at $39.90 on Friday. Qifu Technology, Inc. has a twelve month low of $13.71 and a twelve month high of $43.20. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 0.31 and a beta of 0.64. The company’s fifty day moving average is $38.01 and its 200 day moving average is $30.99.

Analysts Set New Price Targets

Separately, Citigroup upped their price target on shares of Qifu Technology from $31.44 to $37.50 and gave the stock a “buy” rating in a report 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.