Wells Fargo & Company MN grew its stake in shares of Jianpu Technology Inc – (NYSE:JT) by 1.7% in the 1st quarter, HoldingsChannel reports. The fund owned 7,451,711 shares of the company’s stock after acquiring an additional 128,100 shares during the period. Wells Fargo & Company MN’s holdings in Jianpu Technology were worth $37,334,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Jianpu Technology during the first quarter valued at approximately $274,000. Hamilton Lane Advisors LLC purchased a new position in Jianpu Technology during the first quarter valued at approximately $529,000. Baillie Gifford & Co. increased its holdings in Jianpu Technology by 96.0% during the fourth quarter. Baillie Gifford & Co. now owns 3,719,720 shares of the company’s stock valued at $15,511,000 after buying an additional 1,822,264 shares during the period. Finally, Yiheng Capital LLC increased its holdings in Jianpu Technology by 31.7% during the fourth quarter. Yiheng Capital LLC now owns 6,058,598 shares of the company’s stock valued at $25,264,000 after buying an additional 1,459,629 shares during the period. 16.65% of the stock is owned by hedge funds and other institutional investors.
NYSE JT traded down $0.10 on Friday, hitting $4.03. The stock had a trading volume of 185,357 shares, compared to its average volume of 383,829. Jianpu Technology Inc – has a 52-week low of $3.49 and a 52-week high of $7.97. The firm has a market capitalization of $683.83 million, a P/E ratio of -28.79 and a beta of 1.77.
Jianpu Technology (NYSE:JT) last released its quarterly earnings results on Tuesday, May 28th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. Jianpu Technology had a negative net margin of 3.95% and a negative return on equity of 5.41%. The business had revenue of $97.58 million for the quarter, compared to analyst estimates of $90.04 million. On average, analysts forecast that Jianpu Technology Inc – will post 0.09 EPS for the current year.
Several equities analysts recently issued reports on the stock. ValuEngine lowered shares of Jianpu Technology from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Zacks Investment Research raised shares of Jianpu Technology from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a report on Saturday, May 18th. Finally, JPMorgan Chase & Co. raised shares of Jianpu Technology from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $5.50 to $9.50 in a report on Friday, March 1st.
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Jianpu Technology Company Profile
Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.
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