FinVolution Group (NYSE:FINV - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $6.03, but opened at $6.26. FinVolution Group shares last traded at $6.32, with a volume of 64,830 shares changing hands.
FinVolution Group Stock Performance
The company has a market cap of $1.65 billion, a price-to-earnings ratio of 5.66 and a beta of 0.45. The company's fifty day moving average is $6.00 and its two-hundred day moving average is $5.39.
FinVolution Group (NYSE:FINV - Get Free Report) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.30 earnings per share for the quarter. FinVolution Group had a net margin of 17.00% and a return on equity of 16.57%. The firm had revenue of $435.93 million for the quarter.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in shares of FinVolution Group by 155.9% during the 1st quarter. Russell Investments Group Ltd. now owns 503,756 shares of the company's stock valued at $2,539,000 after purchasing an additional 306,903 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of FinVolution Group by 54.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 713,690 shares of the company's stock worth $3,597,000 after acquiring an additional 250,967 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of FinVolution Group during the 1st quarter worth about $80,000. Caxton Associates LP grew its position in shares of FinVolution Group by 90.4% during the 1st quarter. Caxton Associates LP now owns 135,963 shares of the company's stock valued at $685,000 after acquiring an additional 64,550 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of FinVolution Group in the 2nd quarter valued at about $472,000. 31.15% of the stock is 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.
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