Sumitomo Mitsui Trust Group Inc. Sells 874 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 270,300 shares of the company’s stock after selling 874 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.17% of Qifu Technology worth $8,058,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Qifu Technology by 41.7% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 109,561 shares of the company’s stock worth $3,266,000 after purchasing an additional 32,248 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of Qifu Technology in the 3rd quarter valued at about $54,000. Los Angeles Capital Management LLC grew its holdings in shares of Qifu Technology by 54.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 149,255 shares of the company’s stock valued at $4,449,000 after acquiring an additional 52,814 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Qifu Technology by 66.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,369,278 shares of the company’s stock valued at $40,818,000 after acquiring an additional 548,678 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of Qifu Technology by 16.5% in the 3rd quarter. US Bancorp DE now owns 5,410 shares of the company’s stock valued at $161,000 after acquiring an additional 765 shares in the last quarter. Institutional investors own 74.81% of the company’s stock.

Qifu Technology Price Performance

Shares of NASDAQ QFIN opened at $32.27 on Tuesday. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 0.42 and a beta of 0.61. The business has a 50-day moving average of $30.53 and a 200-day moving average of $24.32. Qifu Technology, Inc. has a fifty-two week low of $13.71 and a fifty-two week high of $35.23.

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.