Robeco Institutional Asset Management B.V. Sells 1,033,497 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Robeco Institutional Asset Management B.V. lowered its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 75.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 335,781 shares of the company’s stock after selling 1,033,497 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Qifu Technology were worth $12,887,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in Qifu Technology by 5.8% during the third quarter. State Street Corp now owns 2,324,831 shares of the company’s stock valued at $70,637,000 after acquiring an additional 128,381 shares during the last quarter. Geode Capital Management LLC boosted its position in Qifu Technology by 3.2% during the third quarter. Geode Capital Management LLC now owns 1,309,635 shares of the company’s stock valued at $38,866,000 after acquiring an additional 41,139 shares during the last quarter. Millennium Management LLC boosted its position in Qifu Technology by 35.5% during the second quarter. Millennium Management LLC now owns 1,198,882 shares of the company’s stock valued at $23,654,000 after acquiring an additional 314,323 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Qifu Technology by 148.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,343 shares of the company’s stock valued at $24,454,000 after acquiring an additional 489,865 shares during the last quarter. Finally, Swedbank AB boosted its position in Qifu Technology by 156.0% during the third quarter. Swedbank AB now owns 754,300 shares of the company’s stock valued at $22,486,000 after acquiring an additional 459,700 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their price target on shares of Qifu Technology from $31.44 to $37.50 and gave the company a “buy” rating in a research report on Thursday, November 21st.

Qifu Technology Price Performance

QFIN stock opened at $39.90 on Friday. The stock has a market capitalization of $6.29 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 0.31 and a beta of 0.64. The company’s 50-day moving average is $38.01 and its 200-day moving average is $30.99. Qifu Technology, Inc. has a 1 year low of $13.71 and a 1 year high of $43.20.

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.