XTX Topco Ltd lifted its position in shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Free Report) by 71.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,182 shares of the company's stock after purchasing an additional 31,779 shares during the period. XTX Topco Ltd's holdings in PPDAI Group were worth $734,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of FINV. Cetera Investment Advisers grew its holdings in shares of PPDAI Group by 21.5% in the 1st quarter. Cetera Investment Advisers now owns 17,660 shares of the company's stock worth $170,000 after acquiring an additional 3,125 shares during the period. Kathmere Capital Management LLC raised its position in PPDAI Group by 11.4% during the first quarter. Kathmere Capital Management LLC now owns 83,511 shares of the company's stock worth $804,000 after acquiring an additional 8,530 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of PPDAI Group by 2.5% in the first quarter. Cerity Partners LLC now owns 59,268 shares of the company's stock valued at $571,000 after purchasing an additional 1,439 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of PPDAI Group by 22.9% in the first quarter. Envestnet Asset Management Inc. now owns 239,926 shares of the company's stock valued at $2,310,000 after purchasing an additional 44,656 shares during the last quarter. Finally, Ativo Capital Management LLC acquired a new position in shares of PPDAI Group in the first quarter worth $7,113,000. Hedge funds and other institutional investors own 31.15% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, UBS Group upgraded PPDAI Group from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $11.80 to $12.10 in a research report on Friday, May 23rd.
Get Our Latest Stock Analysis on PPDAI Group
PPDAI Group Trading Up 0.8%
NYSE:FINV traded up $0.07 during mid-day trading on Wednesday, hitting $8.55. The company had a trading volume of 701,466 shares, compared to its average volume of 1,257,689. PPDAI Group Inc. Sponsored ADR has a 1 year low of $5.14 and a 1 year high of $11.08. The business has a fifty day simple moving average of $9.29 and a 200-day simple moving average of $8.69. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 6.24 and a beta of 0.35.
PPDAI Group (NYSE:FINV - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported $0.41 EPS for the quarter. PPDAI Group had a return on equity of 18.15% and a net margin of 19.44%. The business had revenue of $479.70 million for the quarter.
PPDAI Group Company Profile
(
Free Report)
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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