Asset Management One Boosts Investment in Qifu Technology
Asset Management One Co. Ltd. increased its holdings in Qifu Technology, Inc. (NASDAQ:QFIN) during the fourth quarter of 2024. According to a recent filing with the Securities and Exchange Commission (SEC), the firm raised its position by 66.8%.
During the quarter, Asset Management One added 13,170 shares, bringing its total holdings to 32,873 shares. At the end of the quarter, the value of their Qifu Technology holdings was approximately $1.26 million.
Several other institutional investors also adjusted their positions in Qifu Technology during the same period:
- DGS Capital Management LLC increased its stake by 5.9%, now owning 11,413 shares worth about $438,000.
- US Bancorp DE raised its holdings by 16.5%, owning 5,410 shares valued at $161,000.
- Lester Murray Antman dba SimplyRich grew its position by 5.7% to 14,288 shares, worth approximately $548,000.
- LMR Partners LLP increased its stake by 3.0%, owning 30,816 shares worth approximately $919,000.
- XTX Topco Ltd raised its holdings by 9.1%, owning 11,913 shares valued at $355,000.
Institutional investors collectively own 74.81% of the company’s stock.
Analyst Ratings
In related news, Citigroup analysts increased their price target for Qifu Technology from $31.44 to $37.50 and maintained a “buy” rating on November 21st.
QFIN stock traded at $40.49 on Monday. The stock’s 50-day moving average is $39.68, and its 200-day moving average is $33.60. Qifu Technology, Inc. has a 12-month low of $15.06 and a 12-month high of $46.25.
