Geode Capital Management LLC increased its holdings in shares of FinVolution Group (NYSE:FINV – Free Report) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,723 shares of the company’s stock after purchasing an additional 3,164 shares during the period. Geode Capital Management LLC’s holdings in FinVolution Group were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of FinVolution Group during the third quarter valued at approximately $58,000. Quadrature Capital Ltd purchased a new stake in FinVolution Group during the 3rd quarter worth $94,000. Blue Trust Inc. lifted its holdings in FinVolution Group by 246.8% in the 3rd quarter. Blue Trust Inc. now owns 15,754 shares of the company’s stock worth $97,000 after buying an additional 11,211 shares in the last quarter. Ascent Group LLC purchased a new position in FinVolution Group in the 3rd quarter valued at about $103,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of FinVolution Group during the second quarter valued at about $139,000. 31.15% of the stock is owned by hedge funds and other institutional investors.
FinVolution Group Stock Performance
Shares of NYSE FINV opened at $6.73 on Monday. FinVolution Group has a 1 year low of $4.45 and a 1 year high of $7.29. The stock’s 50-day simple moving average is $6.59 and its 200-day simple moving average is $5.91. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 5.80 and a beta of 0.50.
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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