FinVolution Group (NYSE:FINV) Stock Price Down 4.5% – Here’s What Happened

Shares of FinVolution Group (NYSE:FINV) fell 4.5% on Tuesday . The stock traded as low as $5.88 and last traded at $5.89. 148,713 shares traded hands during trading, a decline of 79% from the average session volume of 724,440 shares. The stock had previously closed at $6.17.

FinVolution Group Price Performance

The business has a fifty day moving average of $5.69 and a 200-day moving average of $5.21. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 5.36 and a beta of 0.45.

FinVolution Group (NYSE:FINV) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter. FinVolution Group had a net margin of 17.00% and a return on equity of 16.57%. The company had revenue of $435.93 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. D Orazio & Associates Inc. grew its holdings in shares of FinVolution Group by 17.2% in the 2nd quarter. D Orazio & Associates Inc. now owns 26,150 shares of the company’s stock worth $125,000 after acquiring an additional 3,832 shares during the last quarter. Ballentine Partners LLC increased its stake in FinVolution Group by 62.7% in the 1st quarter. Ballentine Partners LLC now owns 18,481 shares of the company’s stock worth $93,000 after purchasing an additional 7,123 shares in the last quarter. Kathmere Capital Management LLC raised its holdings in FinVolution Group by 28.9% during the 1st quarter. Kathmere Capital Management LLC now owns 35,465 shares of the company’s stock worth $179,000 after buying an additional 7,946 shares during the period. Creative Planning raised its holdings in 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 buying an additional 9,243 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in FinVolution Group by 38.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 39,891 shares of the company’s stock valued at $188,000 after buying an additional 11,177 shares in the last quarter. Institutional investors own 31.15% of the company’s stock.

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.