5,640 Shares in Qifu Technology, Inc. (NASDAQ:QFIN) Bought by Aigen Investment Management LP

Aigen Investment Management LP purchased a new stake in Qifu Technology, Inc. (NASDAQ:QFIN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,640 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp acquired a new position in shares of Qifu Technology in the 4th quarter valued at about $29,000. Wilmington Savings Fund Society FSB purchased a new position in Qifu Technology during the third quarter valued at approximately $30,000. Advisors Preferred LLC acquired a new position in Qifu Technology in the fourth quarter valued at approximately $41,000. Point72 DIFC Ltd purchased a new stake in Qifu Technology in the 3rd quarter worth approximately $43,000. Finally, Global Retirement Partners LLC grew its stake in shares of Qifu Technology by 80.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,164 shares of the company’s stock worth $45,000 after purchasing an additional 518 shares during the period. 74.81% of the stock is owned by institutional investors and hedge funds.

Qifu Technology Stock Down 2.1 %

QFIN opened at $40.52 on Monday. The company has a market cap of $6.39 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 0.32 and a beta of 0.59. Qifu Technology, Inc. has a twelve month low of $15.16 and a twelve month high of $46.25. The company has a 50-day moving average price of $40.20 and a 200 day moving average price of $34.87.

Wall Street Analyst Weigh In

Separately, Citigroup boosted their target price on shares of Qifu Technology from $31.44 to $37.50 and gave the company a “buy” rating in a research note on Thursday, November 21st.

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.