Mirae Asset Global Investments Co. Ltd. Purchases 26,558 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN – Free Report) by 117.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,198 shares of the company’s stock after buying an additional 26,558 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Qifu Technology were worth $959,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. bought a new position in shares of Qifu Technology during the 1st quarter worth approximately $19,995,000. Altfest L J & Co. Inc. boosted its holdings in Qifu Technology by 24.9% during the first quarter. Altfest L J & Co. Inc. now owns 28,674 shares of the company’s stock worth $528,000 after purchasing an additional 5,714 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Qifu Technology by 13.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 276,658 shares of the company’s stock valued at $5,099,000 after purchasing an additional 33,000 shares in the last quarter. Handelsinvest Investeringsforvaltning increased its stake in Qifu Technology by 14.3% in the 1st quarter. Handelsinvest Investeringsforvaltning now owns 10,828 shares of the company’s stock valued at $200,000 after buying an additional 1,353 shares during the last quarter. Finally, Janiczek Wealth Management LLC increased its stake in Qifu Technology by 131.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 2,386 shares of the company’s stock valued at $44,000 after buying an additional 1,355 shares during the last quarter. 74.81% of the stock is currently owned by institutional investors.

Qifu Technology Price Performance

Qifu Technology stock opened at $19.86 on Wednesday. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 5.15, a P/E/G ratio of 0.45 and a beta of 0.61. The firm has a 50-day moving average of $20.06 and a 200-day moving average of $17.86. Qifu Technology, Inc. has a one year low of $13.68 and a one year high of $21.57.

Qifu Technology (NASDAQ:QFIN – Get Free Report) last issued its quarterly earnings results on Sunday, May 19th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $1.00 by $0.02. The firm had revenue of $575.21 million during the quarter, compared to analysts’ expectations of $590.38 million. Qifu Technology had a return on equity of 20.96% and a net margin of 26.80%. As a group, sell-side analysts expect that Qifu Technology, Inc. will post 4.19 earnings per share for the current year.

Qifu Technology Company Profile

(Free Report)

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.

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