Jump Financial LLC Purchases 37,218 Shares of PPDAI Group Inc. Sponsored ADR $FINV

Key Points

• Jump Financial LLC increased its stake in PPDAI Group Inc. by 33.5%, acquiring an additional 37,218 shares in the 1st quarter, bringing its total ownership to approximately 148,418 shares worth $1,429,000.
• Institutional investors hold 31.15% of PPDAI Group's stock, with notable increases from firms like Prudential PLC and Connor Clark & Lunn Investment Management Ltd. during the same quarter.
• PPDAI Group's stock has seen a price range from a one-year low of $5.14 to a high of $11.08, with current assessments indicating a consensus rating of "Buy" from analysts.

Jump Financial LLC raised its stake in PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Free Report) by 33.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 148,418 shares of the company's stock after acquiring an additional 37,218 shares during the period. Jump Financial LLC owned approximately 0.06% of PPDAI Group worth $1,429,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of PPDAI Group by 2.8% in the fourth quarter. Bank of America Corp DE now owns 3,162,853 shares of the company's stock worth $21,476,000 after acquiring an additional 84,863 shares during the last quarter. Man Group plc grew its stake in shares of PPDAI Group by 3.4% in the fourth quarter. Man Group plc now owns 2,616,814 shares of the company's stock worth $17,768,000 after acquiring an additional 86,411 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of PPDAI Group by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,329,814 shares of the company's stock worth $15,820,000 after acquiring an additional 19,984 shares during the last quarter. Prudential PLC grew its stake in shares of PPDAI Group by 146.1% in the first quarter. Prudential PLC now owns 1,221,489 shares of the company's stock worth $11,763,000 after acquiring an additional 725,149 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of PPDAI Group by 134.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 980,945 shares of the company's stock valued at $9,446,000 after purchasing an additional 562,468 shares in the last quarter. 31.15% of the stock is owned by hedge funds and other institutional investors.

PPDAI Group Trading Down 3.7%

Shares of NYSE:FINV traded down $0.31 during trading on Wednesday, hitting $7.92. The company had a trading volume of 629,989 shares, compared to its average volume of 1,377,428. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 5.33 and a beta of 0.41. PPDAI Group Inc. Sponsored ADR has a one year low of $5.14 and a one year high of $11.08. The company has a fifty day simple moving average of $9.27 and a two-hundred day simple moving average of $8.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.89 and a quick ratio of 2.89.

PPDAI Group (NYSE:FINV - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $499.46 million during the quarter. PPDAI Group has set its FY 2025 guidance at EPS.

Analysts Set New Price Targets

FINV has been the topic of a number of research analyst reports. UBS Group raised PPDAI Group from a "neutral" rating to a "buy" rating and upped their price target for the company from $11.80 to $12.10 in a report on Friday, May 23rd. Wall Street Zen downgraded PPDAI Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 23rd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $11.55.

PPDAI Group Company 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.