Qifu Technology, Inc. (NASDAQ:QFIN) Shares Sold by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. cut its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 11.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,949 shares of the company’s stock after selling 11,087 shares during the quarter. Qifu Technology accounts for 1.5% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 13th largest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Qifu Technology were worth $2,562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Qifu Technology in the second quarter valued at about $31,000. Blue Trust Inc. boosted its stake in Qifu Technology by 598.4% during the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock valued at $32,000 after acquiring an additional 1,484 shares during the last quarter. USA Financial Formulas bought a new position in shares of Qifu Technology in the 3rd quarter worth about $41,000. Signaturefd LLC lifted its position in shares of Qifu Technology by 67.3% in the 2nd quarter. Signaturefd LLC now owns 7,283 shares of the company’s stock worth $144,000 after buying an additional 2,931 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in shares of Qifu Technology in the 1st quarter worth about $186,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qifu Technology Trading Down 1.4 %

Qifu Technology stock opened at $33.64 on Thursday. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.47 and a beta of 0.62. The company’s 50-day moving average price is $29.00 and its two-hundred day moving average price is $23.15. Qifu Technology, Inc. has a 52 week low of $13.71 and a 52 week high of $35.23.

Qifu Technology (NASDAQ:QFIN) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.23. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. The company had revenue of $572.44 million for the quarter, compared to analysts’ expectations of $582.69 million. Research analysts expect that Qifu Technology, Inc. will post 5.08 earnings per share for the current fiscal year.

Qifu Technology Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be issued a dividend of $0.60 per share. This is a boost from Qifu Technology’s previous semi-annual dividend of $0.57. This represents a dividend yield of 4.7%. The ex-dividend date is Friday, September 27th. Qifu Technology’s dividend payout ratio (DPR) is currently 28.37%.

About Qifu Technology

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.