PPDAI Group Inc. Sponsored ADR $FINV Stake Decreased by Ativo Capital Management LLC

Key Points

• Ativo Capital Management LLC has reduced its stake in PPDAI Group Inc. by 26.5%, now owning approximately 542,790 shares valued at about $5.1 million.
• PPDAI Group's shares have a 52-week range between $5.72 and $11.08, with the current price opening at $6.73.
• Equities research analysts have rated PPDAI Group with an average rating of "Buy" and a consensus target price of $11.55.

Ativo Capital Management LLC decreased its position in shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Free Report) by 26.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 542,790 shares of the company's stock after selling 195,890 shares during the period. PPDAI Group comprises about 4.6% of Ativo Capital Management LLC's holdings, making the stock its 5th largest holding. Ativo Capital Management LLC owned about 0.21% of PPDAI Group worth $5,146,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FINV. SG Americas Securities LLC grew its stake in PPDAI Group by 5.5% in 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 period. QRG Capital Management Inc. grew its position in shares of PPDAI Group by 67.9% in the 1st quarter. QRG Capital Management Inc. now owns 121,456 shares of the company's stock worth $1,170,000 after buying an additional 49,137 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of PPDAI Group in the 1st quarter worth about $111,000. Envestnet Asset Management Inc. grew its position in shares of PPDAI Group by 22.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 239,926 shares of the company's stock worth $2,310,000 after buying an additional 44,656 shares during the period. Finally, Cerity Partners LLC grew its position in shares of PPDAI Group by 2.5% in the 1st quarter. Cerity Partners LLC now owns 59,268 shares of the company's stock worth $571,000 after buying an additional 1,439 shares during the period. 31.15% of the stock is owned by hedge funds and other institutional investors.

PPDAI Group Stock Performance

Shares of FINV stock opened at $6.73 on Tuesday. PPDAI Group Inc. Sponsored ADR has a one year low of $5.72 and a one year high of $11.08. The company's 50-day moving average is $8.08 and its 200 day moving average is $8.56. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 4.54 and a beta of 0.36. 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 posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.41 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.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FINV shares. Wall Street Zen upgraded shares of PPDAI Group from a "buy" rating to a "strong-buy" rating in a report on Friday, September 26th. Weiss Ratings restated a "buy (b-)" rating on shares of PPDAI Group in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price 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.

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