PPDAI Group Inc. Sponsored ADR $FINV Shares Purchased by Walleye Capital LLC

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% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,152,183 shares of the company's stock after acquiring an additional 524,284 shares during the quarter. Walleye Capital LLC owned about 0.45% of PPDAI Group worth $11,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in PPDAI Group during the first quarter worth about $62,000. Envestnet Portfolio Solutions Inc. acquired a new position in PPDAI Group in the 1st quarter valued at about $111,000. RHS Financial LLC acquired a new position in PPDAI Group in the 1st quarter valued at about $116,000. NewEdge Advisors LLC boosted its holdings in PPDAI Group by 381.1% in the 4th quarter. NewEdge Advisors LLC now owns 12,624 shares of the company's stock valued at $86,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in PPDAI Group in the 4th quarter valued at about $90,000. 31.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

PPDAI Group Price Performance

PPDAI Group stock opened at $9.4350 on Monday. The company's 50 day simple moving average is $9.39 and its 200-day simple moving average is $8.83. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 6.38 and a beta of 0.35. PPDAI Group Inc. Sponsored ADR has a 1 year low of $5.14 and a 1 year 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.

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. The business 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.

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