Venturi Wealth Management LLC Takes $54,000 Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Venturi Wealth Management LLC acquired a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,827 shares of the company’s stock, valued at approximately $54,000.

Several other institutional investors have also recently added to or reduced their stakes in QFIN. Ashton Thomas Private Wealth LLC acquired a new position in shares of Qifu Technology in the second quarter valued at approximately $31,000. Blue Trust Inc. grew its stake in Qifu Technology by 598.4% in the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after acquiring an additional 1,484 shares during the period. USA Financial Formulas acquired a new position in Qifu Technology in the 3rd quarter valued at $41,000. Signaturefd LLC lifted its stake in shares of Qifu Technology by 67.3% during the 2nd quarter. Signaturefd LLC now owns 7,283 shares of the company’s stock worth $144,000 after purchasing an additional 2,931 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Qifu Technology by 16.5% during the third quarter. US Bancorp DE now owns 5,410 shares of the company’s stock worth $161,000 after purchasing an additional 765 shares during the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

Qifu Technology Trading Up 4.7 %

Qifu Technology stock opened at $30.74 on Friday. The stock has a fifty day moving average price of $30.41 and a 200 day moving average price of $24.16. Qifu Technology, Inc. has a 52 week low of $13.71 and a 52 week high of $35.23. The firm has a market capitalization of $4.96 billion, a P/E ratio of 7.39, a PEG ratio of 0.41 and a beta of 0.61.

Qifu Technology (NASDAQ:QFIN) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.99 by $0.23. The company had revenue of $572.44 million during the quarter, compared to analysts’ expectations of $582.69 million. Qifu Technology had a return on equity of 21.82% and a net margin of 28.06%. As a group, equities analysts predict that Qifu Technology, Inc. will post 5.04 EPS for the current year.

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.