PPDAI Group Inc. Sponsored ADR $FINV Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in PPDAI Group Inc. by 31.1%, resulting in ownership of 145,519 shares worth approximately $1.4 million.
• Other hedge funds, like Walleye Capital and Prudential PLC, significantly increased their investments in PPDAI Group, with Walleye Capital upping its stake by 83.5%.
• The stock recently traded at $7.93, with analysts rating it as a "buy" and setting an average price target of $11.55.

Trexquant Investment LP reduced its position in PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Free Report) by 31.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 145,519 shares of the company's stock after selling 65,784 shares during the quarter. Trexquant Investment LP owned about 0.06% of PPDAI Group worth $1,401,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FINV. Raymond James Financial Inc. acquired a new stake in 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% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,329,814 shares of the company's stock worth $15,820,000 after acquiring an additional 19,984 shares in the last quarter. Northern Trust Corp grew its stake in shares of PPDAI Group by 41.4% in the 4th quarter. Northern Trust Corp now owns 296,256 shares of the company's stock worth $2,012,000 after acquiring an additional 86,729 shares in the last quarter. AXA S.A. increased its holdings in PPDAI Group by 91.0% during the fourth quarter. AXA S.A. now owns 49,370 shares of the company's stock worth $335,000 after buying an additional 23,525 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in PPDAI Group during the fourth quarter worth about $90,000. 31.15% of the stock is currently owned by institutional investors and hedge funds.

PPDAI Group Price Performance

FINV stock traded up $0.05 during midday trading on Thursday, hitting $7.69. The company's stock had a trading volume of 978,007 shares, compared to its average volume of 2,321,938. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 5.20 and a beta of 0.41. PPDAI Group Inc. Sponsored ADR has a 12 month low of $5.19 and a 12 month high of $11.08. The company has a 50 day moving average of $9.02 and a two-hundred day moving average of $8.80.

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 (EPS) for the quarter. PPDAI Group had a return on equity of 18.88% and a net margin of 20.28%.The company had revenue of $499.46 million during the quarter. PPDAI Group has set its FY 2025 guidance at EPS.

Wall Street Analyst Weigh In

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