Charles Schwab Investment Management Inc. Has $4.07 Million Stock Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

Charles Schwab Investment Management Inc. boosted its position in Qifu Technology, Inc. (NASDAQ:QFIN) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 136,368 shares of the company’s stock after buying an additional 7,196 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.08% of Qifu Technology worth $4,065,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC bought a new position in Qifu Technology in the third quarter valued at approximately $654,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Qifu Technology by 148.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,343 shares of the company’s stock worth $24,454,000 after acquiring an additional 489,865 shares during the period. AQR Capital Management LLC bought a new position in shares of Qifu Technology during the 2nd quarter worth approximately $25,560,000. Hsbc Holdings PLC boosted its stake in shares of Qifu Technology by 9.8% during the 2nd quarter. Hsbc Holdings PLC now owns 424,904 shares of the company’s stock worth $8,377,000 after acquiring an additional 37,948 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Qifu Technology during the 3rd quarter worth approximately $473,000. 74.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Qifu Technology Price Performance

QFIN opened at $38.85 on Friday. The business has a fifty day simple moving average of $33.96 and a 200 day simple moving average of $26.35. The company has a market capitalization of $6.27 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 0.32 and a beta of 0.64. Qifu Technology, Inc. has a 1 year low of $13.71 and a 1 year high of $40.31.

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.