FinVolution Group (NYSE:FINV - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $8.34 and last traded at $8.33, with a volume of 466739 shares trading hands. The stock had previously closed at $8.06.
FinVolution Group Stock Up 0.5 %
The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 7.22 and a beta of 0.49. The stock's 50-day simple moving average is $7.24 and its 200 day simple moving average is $6.38.
Hedge Funds Weigh In On FinVolution Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning grew its stake in shares of FinVolution Group by 15.9% during the third quarter. Creative Planning now owns 67,288 shares of the company's stock valued at $416,000 after purchasing an additional 9,243 shares during the last quarter. Blue Trust Inc. grew its stake in shares of FinVolution Group by 246.8% during the third quarter. Blue Trust Inc. now owns 15,754 shares of the company's stock valued at $97,000 after purchasing an additional 11,211 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of FinVolution Group by 4.5% during the third quarter. QRG Capital Management Inc. now owns 64,945 shares of the company's stock valued at $401,000 after purchasing an additional 2,775 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of FinVolution Group during the third quarter valued at approximately $261,000. Finally, D Orazio & Associates Inc. grew its stake in shares of FinVolution Group by 45.8% during the third quarter. D Orazio & Associates Inc. now owns 38,136 shares of the company's stock valued at $236,000 after purchasing an additional 11,986 shares during the last quarter. 31.15% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
Before you consider FinVolution Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FinVolution Group wasn't on the list.
While FinVolution Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
