Millennium Management LLC Has $2.60 Million Position in FinVolution Group (NYSE:FINV)

Millennium Management LLC reduced its position in shares of FinVolution Group (NYSE:FINV - Free Report) by 48.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 544,729 shares of the company's stock after selling 516,755 shares during the period. Millennium Management LLC owned approximately 0.21% of FinVolution Group worth $2,598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FINV. SYM FINANCIAL Corp acquired a new position in shares of FinVolution Group during the 2nd quarter worth approximately $54,000. Vicus Capital acquired a new stake in FinVolution Group during the first quarter worth approximately $63,000. SVB Wealth LLC bought a new position in FinVolution Group during the 1st quarter worth $80,000. Ballentine Partners LLC raised its holdings in FinVolution Group by 62.7% in the 1st quarter. Ballentine Partners LLC now owns 18,481 shares of the company's stock valued at $93,000 after acquiring an additional 7,123 shares in the last quarter. Finally, D Orazio & Associates Inc. raised its holdings in FinVolution Group by 23.7% in the 1st quarter. D Orazio & Associates Inc. now owns 22,318 shares of the company's stock valued at $112,000 after acquiring an additional 4,276 shares in the last quarter. 31.15% of the stock is currently owned by institutional investors.

FinVolution Group Stock Up 0.9 %

Shares of FINV traded up $0.05 during trading hours on Wednesday, hitting $5.85. 730,467 shares of the company were exchanged, compared to its average volume of 730,882. FinVolution Group has a fifty-two week low of $4.22 and a fifty-two week high of $7.24. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 5.31 and a beta of 0.45. The firm's fifty day moving average is $5.68 and its 200 day moving average is $5.20.

FinVolution Group (NYSE:FINV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.30 earnings per share (EPS) 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.

About FinVolution Group

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.