Barclays PLC lessened its stake in FinVolution Group (NYSE:FINV – Free Report) by 98.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,137 shares of the company’s stock after selling 436,152 shares during the period. Barclays PLC’s holdings in FinVolution Group were worth $44,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in shares of FinVolution Group in the 3rd quarter worth $1,224,000. XTX Topco Ltd acquired a new position in FinVolution Group during the third quarter worth $346,000. Jane Street Group LLC grew its holdings in shares of FinVolution Group by 229.4% in the 3rd quarter. Jane Street Group LLC now owns 185,420 shares of the company’s stock valued at $1,146,000 after acquiring an additional 129,138 shares in the last quarter. State Street Corp raised its stake in shares of FinVolution Group by 8.3% during the 3rd quarter. State Street Corp now owns 3,496,614 shares of the company’s stock worth $21,609,000 after purchasing an additional 268,843 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of FinVolution Group in the 3rd quarter valued at about $94,000. Institutional investors and hedge funds own 31.15% of the company’s stock.
FinVolution Group Trading Down 0.3 %
FINV stock opened at $6.63 on Friday. FinVolution Group has a 1-year low of $4.45 and a 1-year high of $7.29. The firm has a market capitalization of $1.76 billion, a PE ratio of 5.72 and a beta of 0.50. The business’s 50 day simple moving average is $6.58 and its 200 day simple moving average is $5.88.
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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