FinVolution Group (NYSE:FINV) Sees Strong Trading Volume – What’s Next?

Posted by Erica Schwartz on Nov 29th, 2024

Shares of FinVolution Group (NYSE:FINV – Get Free Report) saw an uptick in trading volume on Friday . 358,934 shares changed hands during mid-day trading, a decline of 49% from the previous session’s volume of 701,978 shares.The stock last traded at $6.97 and had previously closed at $6.63.

FinVolution Group Trading Up 5.1 %

The business’s 50-day moving average price is $6.14 and its 200-day moving average price is $5.45. The stock has a market cap of $1.85 billion, a PE ratio of 6.09 and a beta of 0.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. grew its stake in shares of FinVolution Group by 4.5% during the third quarter. QRG Capital Management Inc. now owns 64,945 shares of the company’s stock worth $401,000 after acquiring an additional 2,775 shares during the last quarter. Geode Capital Management LLC grew its position in 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 purchasing an additional 3,164 shares during the last quarter. D Orazio & Associates Inc. increased its stake in FinVolution Group by 17.2% during the 2nd quarter. D Orazio & Associates Inc. now owns 26,150 shares of the company’s stock valued at $125,000 after purchasing an additional 3,832 shares in the last quarter. Kathmere Capital Management LLC raised its holdings in shares of FinVolution Group by 23.2% in the second quarter. Kathmere Capital Management LLC now owns 43,697 shares of the company’s stock worth $208,000 after buying an additional 8,232 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of FinVolution Group by 15.9% in the third quarter. Creative Planning now owns 67,288 shares of the company’s stock worth $416,000 after buying an additional 9,243 shares during the last quarter. 31.15% of the stock is currently owned by hedge funds and other institutional investors.

FinVolution Group Company Profile

(Get 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.