Qifu Technology (QFIN)

• Market cap: $5.69B
• 1 day: 1.55%
• 5 days: 0.41%
• 1 month: -4.31%
• 3 months: 11.16%
• 6 months: 85.38%
• Year to date: -5.27%
• 1 year: 153.98%
• 5 years: 287.01%
• 10 years: 122.12%

About: Qifu Technology Inc is a Credit-Tech platform in China. It provides credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions, whereby it deploys its technology solutions to help financial institutions identify the diversified needs of consumers and SMEs, effectively access prospective borrowers that are creditworthy through multi-channels, enhance credit assessment on prospective borrowers, and manage credit risks and improve collection strategies and efficiency, among others.

Employees: 3,121

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

320% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 15

33% more capital invested

Capital invested by funds: $2.25B [Q2] → $3B (+$749M) [Q3]

25% more funds holding

Funds holding: 187 [Q2] → 233 (+46) [Q3]

11% more funds holding in top 10

Funds holding in top 10: 9 [Q2] → 10 (+1) [Q3]

0% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 75

4.0% less ownership

Funds ownership: 36.8% [Q2] → 32.8% (-4.0%) [Q3]

32% less call options, than puts

Call options by funds: $5.63M | Put options by funds: $8.28M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $38 2% upside
• Avg. target: $38 2% upside
• High target: $38 2% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Citigroup Judy Zhang 100% 1-year accuracy 7 / 7 met price target

2% upside $38

Buy Maintained

21 Nov 2024