DGS Capital Management LLC raised its stake in FinVolution Group (NYSE:FINV - Free Report) by 23.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 444,853 shares of the company's stock after acquiring an additional 84,077 shares during the period. FinVolution Group accounts for approximately 0.7% of DGS Capital Management LLC's portfolio, making the stock its 21st largest position. DGS Capital Management LLC owned approximately 0.17% of FinVolution Group worth $2,749,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. SYM FINANCIAL Corp purchased a new position in FinVolution Group during the 2nd quarter worth $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of FinVolution Group during the 3rd quarter worth approximately $58,000. Quadrature Capital Ltd acquired a new position in FinVolution Group during the third quarter worth $94,000. Blue Trust Inc. lifted its position in shares of FinVolution Group by 246.8% during the 3rd quarter. Blue Trust Inc. now owns 15,754 shares of the company's stock valued at $97,000 after acquiring an additional 11,211 shares during the period. Finally, Ascent Group LLC purchased a new stake in shares of FinVolution Group during the 3rd quarter worth approximately $103,000. Hedge funds and other institutional investors own 31.15% of the company's stock.
FINV traded down $0.05 during trading on Friday, reaching $6.82. 96,292 shares of the stock were exchanged, compared to its average volume of 708,104. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 5.84 and a beta of 0.48. FinVolution Group has a 1 year low of $4.45 and a 1 year high of $7.29. The business's 50 day moving average price is $6.32 and its two-hundred day moving average price is $5.59.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider FinVolution Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FinVolution Group wasn't on the list.
While FinVolution Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.