PPDAI Group Inc. Sponsored ADR $FINV Shares Acquired by Jump Financial LLC

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 increased its holdings in shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Free Report) by 33.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,418 shares of the company's stock after purchasing an additional 37,218 shares during the quarter. Jump Financial LLC owned approximately 0.06% of PPDAI Group worth $1,429,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in PPDAI Group by 2.5% during the 1st quarter. Cerity Partners LLC now owns 59,268 shares of the company's stock valued at $571,000 after buying an additional 1,439 shares in the last quarter. SG Americas Securities LLC grew its holdings in PPDAI Group by 5.5% during the 1st quarter. SG Americas Securities LLC now owns 29,753 shares of the company's stock valued at $287,000 after buying an additional 1,554 shares in the last quarter. D Orazio & Associates Inc. grew its holdings in PPDAI Group by 4.4% during the 1st quarter. D Orazio & Associates Inc. now owns 47,576 shares of the company's stock valued at $458,000 after buying an additional 2,011 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in PPDAI Group by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 26,369 shares of the company's stock valued at $254,000 after buying an additional 2,647 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in PPDAI Group by 21.5% during the 1st quarter. Cetera Investment Advisers now owns 17,660 shares of the company's stock valued at $170,000 after buying an additional 3,125 shares in the last quarter. Hedge funds and other institutional investors own 31.15% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FINV. Wall Street Zen lowered PPDAI Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 23rd. UBS Group raised PPDAI Group from a "neutral" rating to a "buy" rating and raised their price target for the stock from $11.80 to $12.10 in a research note on Friday, May 23rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $11.55.

PPDAI Group Stock Down 1.3%

FINV stock traded down $0.11 on Tuesday, hitting $8.15. 1,278,369 shares of the company's stock were exchanged, compared to its average volume of 1,379,209. PPDAI Group Inc. Sponsored ADR has a 12-month low of $5.14 and a 12-month high of $11.08. The firm has a 50 day moving average price of $9.30 and a two-hundred day moving average price of $8.84. 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 cap of $2.06 billion, a P/E ratio of 5.50 and a beta of 0.41.

PPDAI Group (NYSE:FINV - Get Free Report) last announced its earnings results on Wednesday, August 20th. The company reported $0.41 earnings per share 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 for the quarter. PPDAI Group has set its FY 2025 guidance at EPS.

About PPDAI 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.