Yeomans Consulting Group Inc. Sells 1,923 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Yeomans Consulting Group Inc. reduced its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 26.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,368 shares of the company’s stock after selling 1,923 shares during the period. Yeomans Consulting Group Inc.’s holdings in Qifu Technology were worth $241,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of QFIN. GeoWealth Management LLC bought a new stake in shares of Qifu Technology during the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp bought a new stake in shares of Qifu Technology during the 4th quarter worth approximately $29,000. Virtus Investment Advisers Inc. bought a new stake in shares of Qifu Technology during the 4th quarter worth approximately $61,000. iA Global Asset Management Inc. bought a new stake in shares of Qifu Technology during the 4th quarter worth approximately $93,000. Finally, State of Wyoming bought a new stake in shares of Qifu Technology during the 4th quarter worth approximately $97,000. 74.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen upgraded Qifu Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 21st. Bank of America raised their price objective on Qifu Technology from $50.66 to $52.70 and gave the stock a “buy” rating in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. assumed coverage on Qifu Technology in a report on Wednesday, July 2nd. They set an “overweight” rating and a $65.00 price objective on the stock.

Qifu Technology Stock Up 2.7%

Shares of QFIN traded up $1.14 during trading hours on Friday, hitting $43.14. The company had a trading volume of 138,121 shares, compared to its average volume of 1,572,733. The company has a market capitalization of $6.80 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 0.51 and a beta of 0.48. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.21. Qifu Technology, Inc. has a one year low of $18.13 and a one year high of $48.94. The company’s fifty day moving average price is $43.06 and its two-hundred day moving average price is $41.50.

Qifu Technology (NASDAQ:QFIN) last posted its quarterly earnings results on Monday, May 19th. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.02. The business had revenue of $646.19 million for the quarter, compared to the consensus estimate of $4.61 billion. Qifu Technology had a return on equity of 29.73% and a net margin of 38.99%. As a group, equities analysts forecast that Qifu Technology, Inc. will post 5.71 earnings per share for the current fiscal 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.