FinVolution Group (NYSE:FINV - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $7.33 and last traded at $7.32, with a volume of 690252 shares changing hands. The stock had previously closed at $7.22.
FinVolution Group Trading Up 1.2 %
The firm has a market cap of $1.94 billion, a PE ratio of 6.30 and a beta of 0.50. The business has a fifty day moving average price of $6.71 and a 200 day moving average price of $6.01.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in FinVolution Group by 51.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 495,788 shares of the company's stock worth $3,064,000 after acquiring an additional 169,344 shares during the period. Jane Street Group LLC lifted its position in FinVolution Group by 229.4% during the 3rd quarter. Jane Street Group LLC now owns 185,420 shares of the company's stock worth $1,146,000 after acquiring an additional 129,138 shares during the period. Canada Pension Plan Investment Board acquired a new stake in FinVolution Group during the 2nd quarter worth approximately $1,039,000. Geode Capital Management LLC lifted its position in FinVolution Group by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 74,723 shares of the company's stock worth $462,000 after acquiring an additional 3,164 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in FinVolution Group by 16.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company's stock worth $10,689,000 after acquiring an additional 315,366 shares during the period. Hedge funds and other institutional investors own 31.15% of the company's stock.
FinVolution Group Company Profile
(
Get 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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