American Century Companies Inc. Has $7.83 Million Stock Position in PPDAI Group Inc. Sponsored ADR $FINV

Key Points

• American Century Companies Inc. decreased its stake in PPDAI Group Inc. by 7.6%, ending the quarter with 812,986 shares valued at approximately $7.8 million.
• Despite the decrease, several hedge funds increased their positions with NewEdge Advisors boosting theirs by 381.1% in Q4, raising overall institutional ownership to 31.15%.
• The stock of PPDAI Group has seen a recent fluctuation and is currently down 3.3%, with analyst ratings showing a mix of upgrades and downgrades but an overall average rating of "Buy".

American Century Companies Inc. reduced its stake in shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 812,986 shares of the company's stock after selling 67,249 shares during the quarter. American Century Companies Inc. owned 0.32% of PPDAI Group worth $7,829,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FINV. NewEdge Advisors LLC boosted its stake in PPDAI Group by 381.1% in the fourth quarter. NewEdge Advisors LLC now owns 12,624 shares of the company's stock valued at $86,000 after buying an additional 10,000 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in PPDAI Group in the fourth quarter valued at about $90,000. Lighthouse Investment Partners LLC acquired a new stake in PPDAI Group in the fourth quarter valued at about $99,000. Envestnet Portfolio Solutions Inc. acquired a new stake in PPDAI Group in the first quarter valued at about $111,000. Finally, RHS Financial LLC acquired a new stake in PPDAI Group in the first quarter valued at about $116,000. 31.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wall Street Zen downgraded PPDAI Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 23rd. UBS Group upgraded PPDAI Group from a "neutral" rating to a "buy" rating and increased their target price for the company from $11.80 to $12.10 in a research report on Friday, May 23rd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $11.55.

PPDAI Group Trading Down 0.3%

Shares of FINV traded down $0.02 during mid-day trading on Tuesday, reaching $8.23. 1,865,053 shares of the company were exchanged, compared to its average volume of 2,235,757. PPDAI Group Inc. Sponsored ADR has a 52 week low of $5.14 and a 52 week high of $11.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.89 and a current ratio of 2.89. The stock has a market capitalization of $2.08 billion, a PE ratio of 5.56 and a beta of 0.41. The business has a 50 day simple moving average of $9.27 and a two-hundred day simple moving average of $8.84.

PPDAI Group (NYSE:FINV - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.41 earnings per share (EPS) for the quarter. PPDAI Group had a return on equity of 18.88% and a net margin of 20.28%.The company had revenue of $499.46 million during the quarter. PPDAI Group has set its FY 2025 guidance at EPS.

PPDAI Group Profile

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.