Farther Finance Advisors LLC Purchases Shares of 3,281 PPDAI Group Inc. Sponsored ADR $FINV

Farther Finance Advisors LLC purchased a new stake in PPDAI Group Inc. Sponsored ADR (NYSE:FINV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,281 shares of the company’s stock, valued at approximately $31,000.

Other institutional investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. acquired a new position in shares of PPDAI Group during the 1st quarter worth about $111,000. IMC Chicago LLC acquired a new position in shares of PPDAI Group during the 1st quarter worth approximately $394,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of PPDAI Group by 134.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 980,945 shares of the company’s stock worth $9,446,000 after acquiring an additional 562,468 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of PPDAI Group by 22.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 239,926 shares of the company’s stock worth $2,310,000 after acquiring an additional 44,656 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of PPDAI Group by 5.5% during the 1st quarter. SG Americas Securities LLC now owns 29,753 shares of the company’s stock worth $287,000 after acquiring an additional 1,554 shares during the period. 31.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FINV has been the subject of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of PPDAI Group in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of PPDAI Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 26th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $11.55.

PPDAI Group Stock Down 4.1%

FINV opened at $7.05 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.89 and a quick ratio of 2.89. The company’s 50-day moving average is $8.20 and its 200 day moving average is $8.65. PPDAI Group Inc. Sponsored ADR has a fifty-two week low of $5.72 and a fifty-two week high of $11.08. The firm has a market capitalization of $1.78 billion, a P/E ratio of 4.76 and a beta of 0.36.

PPDAI Group (NYSE:FINV) last released its quarterly earnings results on Wednesday, August 20th. The company reported $0.41 earnings per share for the quarter. The company had revenue of $499.46 million for the quarter. PPDAI Group had a net margin of 20.28% and a return on equity of 18.88%. PPDAI Group has set its FY 2025 guidance at EPS.

About PPDAI 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.