Point72 Asia Singapore Pte. Ltd. bought a new position in FinVolution Group (NYSE:FINV – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,312 shares of the company’s stock, valued at approximately $58,000.
Other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in FinVolution Group by 12.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,861,280 shares of the company’s stock worth $13,634,000 after purchasing an additional 317,682 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of FinVolution Group by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company’s stock worth $10,689,000 after buying an additional 315,366 shares during the period. American Century Companies Inc. grew its holdings in shares of FinVolution Group by 5.9% during the second quarter. American Century Companies Inc. now owns 699,574 shares of the company’s stock valued at $3,337,000 after buying an additional 39,252 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in FinVolution Group by 51.9% during the third 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 buying an additional 169,344 shares during the period. Finally, Walleye Capital LLC lifted its stake in FinVolution Group by 134.4% in the 3rd quarter. Walleye Capital LLC now owns 476,294 shares of the company’s stock worth $2,943,000 after acquiring an additional 273,055 shares in the last quarter. 31.15% of the stock is owned by hedge funds and other institutional investors.
FinVolution Group Price Performance
NYSE:FINV opened at $6.99 on Friday. The stock has a market cap of $1.85 billion, a PE ratio of 5.98 and a beta of 0.48. FinVolution Group has a fifty-two week low of $4.40 and a fifty-two week high of $7.24. The stock’s 50-day moving average is $6.27 and its two-hundred day moving average is $5.51.
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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