FinVolution Group (NYSE:FINV) Sets New 12-Month High – What’s Next?

FinVolution Group (NYSE:FINV)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $7.40 and last traded at $7.40, with a volume of 39236 shares traded. The stock had previously closed at $6.99.

FinVolution Group Trading Down 2.3 %

The company has a 50-day simple moving average of $6.31 and a 200 day simple moving average of $5.56. The firm has a market cap of $1.85 billion, a PE ratio of 6.15 and a beta of 0.48.

Institutional Investors Weigh In On FinVolution Group

Several hedge funds have recently bought and sold shares of FINV. SG Americas Securities LLC purchased a new stake in FinVolution Group in the 2nd quarter worth approximately $472,000. Commonwealth Equity Services LLC acquired a new position in shares of FinVolution Group during the 2nd quarter worth approximately $270,000. Acadian Asset Management LLC raised its stake in shares of FinVolution Group by 12.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,861,280 shares of the company’s stock worth $13,634,000 after buying an additional 317,682 shares during the period. Caprock Group LLC acquired a new position in shares of FinVolution Group during the 2nd quarter worth approximately $479,000. Finally, American Century Companies Inc. raised its stake in shares of FinVolution Group by 5.9% during the 2nd quarter. American Century Companies Inc. now owns 699,574 shares of the company’s stock worth $3,337,000 after buying an additional 39,252 shares during the period. Hedge funds and other institutional investors own 31.15% of the company’s stock.

FinVolution Group Company Profile

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.