FinVolution Group (NYSE:FINV – Get Free Report)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $7.98 and last traded at $8.02, with a volume of 26548 shares traded. The stock had previously closed at $7.80.
FinVolution Group Price Performance
The firm has a market cap of $2.12 billion, a PE ratio of 6.89 and a beta of 0.49. The business has a fifty day moving average price of $7.03 and a two-hundred day moving average price of $6.21.
Hedge Funds Weigh In On FinVolution Group
Institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning grew its holdings in shares of FinVolution Group by 15.9% during the 3rd quarter. Creative Planning now owns 67,288 shares of the company’s stock valued at $416,000 after acquiring an additional 9,243 shares in the last quarter. Blue Trust Inc. grew its stake in FinVolution Group by 246.8% in the third quarter. Blue Trust Inc. now owns 15,754 shares of the company’s stock valued at $97,000 after purchasing an additional 11,211 shares in the last quarter. QRG Capital Management Inc. grew its stake in FinVolution Group by 4.5% in the third quarter. QRG Capital Management Inc. now owns 64,945 shares of the company’s stock valued at $401,000 after purchasing an additional 2,775 shares in the last quarter. GSA Capital Partners LLP acquired a new position in FinVolution Group in the 3rd quarter worth about $261,000. Finally, D Orazio & Associates Inc. raised its stake in shares of FinVolution Group by 45.8% during the 3rd quarter. D Orazio & Associates Inc. now owns 38,136 shares of the company’s stock worth $236,000 after purchasing an additional 11,986 shares in the last quarter. Hedge funds and other institutional investors own 31.15% of the company’s stock.
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.
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