Walleye Capital LLC Raises Position in PPDAI Group Inc. Sponsored ADR $FINV

Key Points

• Walleye Capital LLC significantly increased its stake in PPDAI Group Inc. by 83.5% in Q1, acquiring an additional 524,284 shares, bringing its total to 1,152,183 shares valued at approximately $11 million.
• Recent analyst reviews have resulted in a consensus rating of "Buy" for PPDAI Group, with UBS Group raising the target price from $11.80 to $12.10.
• PPDAI Group reported strong earnings with an EPS of $0.41 and a revenue of $499.46 million for the latest quarter, alongside a robust net margin of 20.28%.

Walleye Capital LLC increased its holdings in shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Free Report) by 83.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,152,183 shares of the company's stock after purchasing an additional 524,284 shares during the period. Walleye Capital LLC owned approximately 0.45% of PPDAI Group worth $11,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Cerity Partners LLC raised its holdings in shares of PPDAI Group by 2.5% during the first quarter. Cerity Partners LLC now owns 59,268 shares of the company's stock worth $571,000 after purchasing an additional 1,439 shares during the last quarter. WealthCollab LLC raised its holdings in shares of PPDAI Group by 8.5% during the fourth quarter. WealthCollab LLC now owns 18,708 shares of the company's stock worth $127,000 after purchasing an additional 1,459 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of PPDAI Group by 5.5% during the first quarter. SG Americas Securities LLC now owns 29,753 shares of the company's stock worth $287,000 after purchasing an additional 1,554 shares during the last quarter. D Orazio & Associates Inc. raised its holdings in shares of PPDAI Group by 4.4% during the first quarter. D Orazio & Associates Inc. now owns 47,576 shares of the company's stock worth $458,000 after purchasing an additional 2,011 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of PPDAI Group by 5.3% during the fourth quarter. LPL Financial LLC now owns 44,870 shares of the company's stock worth $305,000 after purchasing an additional 2,257 shares during the last quarter. Hedge funds and other institutional investors own 31.15% of the company's stock.

Wall Street Analysts Forecast Growth

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

PPDAI Group Price Performance

Shares of PPDAI Group stock traded down $0.10 during trading hours on Friday, reaching $8.25. The stock had a trading volume of 2,032,370 shares, compared to its average volume of 2,262,967. The stock's 50 day moving average is $9.32 and its 200 day moving average is $8.84. The firm has a market capitalization of $2.09 billion, a PE ratio of 5.57 and a beta of 0.35. PPDAI Group Inc. Sponsored ADR has a twelve month low of $5.14 and a twelve month high of $11.08. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.06.

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 for the quarter. The firm had revenue of $499.46 million for the quarter. PPDAI Group had a net margin of 20.28% and a return on equity of 18.88%. 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.