FinVolution Group (NYSE:FINV) Sets New 52-Week High – Should You Buy?

Shares of FinVolution Group (NYSE:FINV) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.33 and last traded at $7.32, with a volume of 690252 shares traded. The stock had previously closed at $7.22.

FinVolution Group Stock Performance

The stock has a 50 day moving average of $6.77 and a 200-day moving average of $6.03. The company has a market cap of $2.03 billion, a PE ratio of 6.60 and a beta of 0.50.

Institutional Trading of FinVolution Group

Several large investors have recently made changes to their positions in FINV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of FinVolution Group by 51.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 495,788 shares of the company’s stock valued at $3,064,000 after purchasing an additional 169,344 shares during the period. Jane Street Group LLC increased its holdings in FinVolution Group by 229.4% in the third quarter. Jane Street Group LLC now owns 185,420 shares of the company’s stock valued at $1,146,000 after buying an additional 129,138 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of FinVolution Group in the second quarter worth about $1,039,000. Geode Capital Management LLC boosted its stake in shares of FinVolution Group by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 74,723 shares of the company’s stock worth $462,000 after acquiring an additional 3,164 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of FinVolution Group by 16.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company’s stock worth $10,689,000 after acquiring an additional 315,366 shares in the last quarter. 31.15% of the stock is owned by hedge funds and other institutional investors.

About FinVolution 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.