Allspring Global Investments Holdings LLC decreased its stake in FinVolution Group (NYSE:FINV - Free Report) by 43.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,965,998 shares of the company's stock after selling 2,286,112 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.12% of FinVolution Group worth $20,139,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FinVolution Group in the fourth quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of FinVolution Group in the third quarter worth about $58,000. SYM FINANCIAL Corp increased its holdings in shares of FinVolution Group by 14.4% in the fourth quarter. SYM FINANCIAL Corp now owns 13,543 shares of the company's stock worth $92,000 after acquiring an additional 1,706 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of FinVolution Group in the third quarter worth about $94,000. Finally, Blue Trust Inc. increased its holdings in shares of FinVolution Group by 246.8% in the third quarter. Blue Trust Inc. now owns 15,754 shares of the company's stock worth $97,000 after acquiring an additional 11,211 shares in the last quarter. Institutional investors and hedge funds own 31.15% of the company's stock.
FinVolution Group Stock Up 1.8 %
Shares of NYSE:FINV traded up $0.16 during mid-day trading on Thursday, reaching $8.64. 1,127,485 shares of the stock were exchanged, compared to its average volume of 879,372. The company has a market cap of $2.29 billion, a P/E ratio of 7.44 and a beta of 0.49. FinVolution Group has a one year low of $4.45 and a one year high of $8.78. The stock's 50 day simple moving average is $7.30 and its 200-day simple moving average is $6.42.
FinVolution Group Company Profile
(
Free Report)
FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.
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