Wellington Management Group LLP lowered its stake in shares of FinVolution Group (NYSE:FINV – Free Report) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 477,094 shares of the company’s stock after selling 44,979 shares during the period. Wellington Management Group LLP owned approximately 0.17% of FinVolution Group worth $2,338,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in FINV. Ballentine Partners LLC purchased a new position in shares of FinVolution Group in the 4th quarter worth $56,000. D Orazio & Associates Inc. increased its stake in FinVolution Group by 40.9% during the fourth quarter. D Orazio & Associates Inc. now owns 18,042 shares of the company’s stock worth $88,000 after acquiring an additional 5,237 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of FinVolution Group by 27.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 26,155 shares of the company’s stock worth $128,000 after purchasing an additional 5,705 shares during the period. Quadrature Capital Ltd acquired a new position in shares of FinVolution Group in the 3rd quarter valued at about $148,000. Finally, SCEP Management Ltd purchased a new stake in shares of FinVolution Group during the 3rd quarter worth about $183,000. Institutional investors and hedge funds own 31.15% of the company’s stock.
FinVolution Group Stock Performance
NYSE FINV opened at $4.77 on Monday. FinVolution Group has a one year low of $4.22 and a one year high of $6.05. The company’s 50 day moving average price is $4.84 and its 200 day moving average price is $4.89. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 4.38 and a beta of 0.41.
FinVolution Group 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.
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