Lester Murray Antman dba SimplyRich Acquires 3,348 Shares of FinVolution Group (NYSE:FINV)

Lester Murray Antman dba SimplyRich grew its holdings in shares of FinVolution Group (NYSE:FINV) by 8.0% during the 4th quarter, HoldingsChannel reports. The fund owned 45,307 shares of the company’s stock after acquiring an additional 3,348 shares during the quarter. Lester Murray Antman dba SimplyRich’s holdings in FinVolution Group were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FINV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in FinVolution Group by 51.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 495,788 shares of the company’s stock worth $3,064,000 after purchasing an additional 169,344 shares during the period. Jane Street Group LLC increased its holdings in shares of FinVolution Group by 229.4% in the third quarter. Jane Street Group LLC now owns 185,420 shares of the company’s stock worth $1,146,000 after buying an additional 129,138 shares during the period. Geode Capital Management LLC lifted its stake in shares of FinVolution Group by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 74,723 shares of the company’s stock valued at $462,000 after acquiring an additional 3,164 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in FinVolution Group during the 3rd quarter valued at about $1,224,000. Finally, DGS Capital Management LLC grew its position in FinVolution Group by 23.3% during the 3rd quarter. DGS Capital Management LLC now owns 444,853 shares of the company’s stock worth $2,749,000 after acquiring an additional 84,077 shares during the last quarter. Hedge funds and other institutional investors own 31.15% of the company’s stock.

FinVolution Group Price Performance

Shares of FinVolution Group stock opened at $7.94 on Wednesday. FinVolution Group has a one year low of $4.45 and a one year high of $8.34. The business’s 50 day simple moving average is $7.11 and its two-hundred day simple moving average is $6.28. The stock has a market capitalization of $2.10 billion, a P/E ratio of 6.84 and a beta of 0.49.

FinVolution Group Company 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.