FinVolution Group (NYSE:FINV) Holdings Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in shares of FinVolution Group (NYSE:FINV) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,200 shares of the company’s stock after selling 1,900 shares during the quarter. Renaissance Technologies LLC’s holdings in FinVolution Group were worth $430,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. D Orazio & Associates Inc. boosted its position in shares of FinVolution Group by 17.2% in 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 during the period. Ballentine Partners LLC increased its stake in shares of FinVolution Group by 62.7% during the 1st quarter. Ballentine Partners LLC now owns 18,481 shares of the company’s stock worth $93,000 after purchasing an additional 7,123 shares during the last quarter. Kathmere Capital Management LLC increased its position in FinVolution Group by 28.9% during the first quarter. Kathmere Capital Management LLC now owns 35,465 shares of the company’s stock worth $179,000 after buying an additional 7,946 shares during the last quarter. SYM FINANCIAL Corp bought a new position in shares of FinVolution Group in the 2nd quarter valued at approximately $54,000. Finally, Vicus Capital bought a new position in shares of FinVolution Group in the first quarter valued at approximately $63,000. Institutional investors own 31.15% of the company’s stock.

FinVolution Group Trading Down 2.2 %

Shares of FinVolution Group stock opened at $6.14 on Friday. FinVolution Group has a 1 year low of $4.22 and a 1 year high of $7.24. The company’s fifty day simple moving average is $5.63 and its 200-day simple moving average is $5.18. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 5.63 and a beta of 0.45.

FinVolution Group (NYSE:FINV) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.30 EPS for the quarter. The business had revenue of $435.93 million for the quarter. FinVolution Group had a return on equity of 16.57% and a net margin of 17.00%.

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.