PPDAI Group Inc. Sponsored ADR $FINV Shares Acquired by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its holdings in PPDAI Group Inc. by 131.6% in Q1, now owning 185,560 shares valued at approximately $1.79 million.
• PPDAI Group's stock opened at $8.25 on Tuesday, with a market capitalization of $2.09 billion and a 1-year price range between $5.14 and $11.08.
• Analysts have mixed ratings for PPDAI Group, with UBS upgrading it to a "buy" rating and a consensus price target of $11.55 according to recent reports.

Vident Advisory LLC lifted its position in shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Free Report) by 131.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,560 shares of the company's stock after purchasing an additional 105,454 shares during the quarter. Vident Advisory LLC owned 0.07% of PPDAI Group worth $1,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FINV. Raymond James Financial Inc. acquired a new stake in shares of PPDAI Group during the 4th quarter worth approximately $118,000. Dimensional Fund Advisors LP grew its stake in shares of PPDAI Group by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,329,814 shares of the company's stock worth $15,820,000 after purchasing an additional 19,984 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of PPDAI Group during the 4th quarter worth approximately $264,000. Northern Trust Corp grew its stake in shares of PPDAI Group by 41.4% during the 4th quarter. Northern Trust Corp now owns 296,256 shares of the company's stock worth $2,012,000 after purchasing an additional 86,729 shares during the period. Finally, AXA S.A. grew its stake in shares of PPDAI Group by 91.0% during the 4th quarter. AXA S.A. now owns 49,370 shares of the company's stock worth $335,000 after purchasing an additional 23,525 shares during the period. Institutional investors and hedge funds own 31.15% of the company's stock.

PPDAI Group Price Performance

PPDAI Group stock opened at $8.25 on Tuesday. The company's fifty day moving average price is $9.30 and its 200 day moving average price is $8.84. PPDAI Group Inc. Sponsored ADR has a 1 year low of $5.14 and a 1 year high of $11.08. The stock has a market capitalization of $2.09 billion, a P/E ratio of 5.57 and a beta of 0.41. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.89 and a current ratio of 2.89.

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

Analyst Upgrades and Downgrades

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

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.

Want to see what other hedge funds are holding FINV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.