FinVolution Group (NYSE:FINV) Hits New 1-Year High – What’s Next?

Shares of FinVolution Group (NYSE:FINV) reached a new 52-week high on Thursday . The stock traded as high as $7.98 and last traded at $8.02, with a volume of 26548 shares. The stock had previously closed at $7.80.

FinVolution Group Stock Performance

The company has a 50-day moving average of $7.08 and a 200-day moving average of $6.25. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 7.15 and a beta of 0.49.

Institutional Trading of FinVolution Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning grew its position in shares of FinVolution Group by 15.9% during the 3rd quarter. Creative Planning now owns 67,288 shares of the company’s stock worth $416,000 after purchasing an additional 9,243 shares in the last quarter. Blue Trust Inc. raised its position in shares of 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 acquiring an additional 11,211 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of FinVolution Group by 4.5% in the 3rd quarter. QRG Capital Management Inc. now owns 64,945 shares of the company’s stock valued at $401,000 after acquiring an additional 2,775 shares in the last quarter. GSA Capital Partners LLP acquired a new position in FinVolution Group during the 3rd quarter worth approximately $261,000. Finally, D Orazio & Associates Inc. lifted its stake in shares of FinVolution Group by 45.8% in the third quarter. D Orazio & Associates Inc. now owns 38,136 shares of the company’s stock valued at $236,000 after buying an additional 11,986 shares in the last quarter. 31.15% of the stock is owned by institutional investors.

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.