PPDAI Group (NYSE:FINV) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• PPDAI Group's stock rating was upgraded from "buy" to "strong-buy" by Wall Street Zen, indicating increased confidence in the company's performance.
• The company reported a quarterly earnings per share of $0.41 and revenues of $499.46 million, reflecting a net margin of 20.28%.
• Institutional investors have shown growing interest, with major stakeholders increasing their positions in the stock during the fourth quarter.

PPDAI Group (NYSE:FINV - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Friday.

PPDAI Group Stock Performance

NYSE:FINV traded down $0.06 during midday trading on Friday, hitting $7.56. The company's stock had a trading volume of 587,891 shares, compared to its average volume of 1,555,898. PPDAI Group has a fifty-two week low of $5.72 and a fifty-two week high of $11.08. The firm's 50 day moving average is $8.48 and its 200-day moving average is $8.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.89 and a quick ratio of 2.89. The firm has a market cap of $1.92 billion, a P/E ratio of 5.11 and a beta of 0.41.

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 company 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FINV. Ameriprise Financial Inc. purchased a new position in PPDAI Group in the fourth quarter valued at $90,000. Two Sigma Investments LP grew its stake in PPDAI Group by 15.1% in the 4th quarter. Two Sigma Investments LP now owns 521,099 shares of the company's stock valued at $3,538,000 after acquiring an additional 68,259 shares during the period. Public Employees Retirement System of Ohio grew its stake in PPDAI Group by 13.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 224,096 shares of the company's stock valued at $1,522,000 after acquiring an additional 26,104 shares during the period. Mackenzie Financial Corp acquired a new stake in PPDAI Group in the 4th quarter valued at $3,342,000. Finally, Wellington Management Group LLP grew its stake in PPDAI Group by 18.1% in the 4th quarter. Wellington Management Group LLP now owns 529,118 shares of the company's stock valued at $3,593,000 after acquiring an additional 81,187 shares during the period. Hedge funds and other institutional investors own 31.15% of the company's stock.

About PPDAI Group

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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