Maven Securities LTD Has $1.41 Million Holdings in PPDAI Group Inc. Sponsored ADR $FINV

by · The Markets Daily

Maven Securities LTD cut its stake in PPDAI Group Inc. Sponsored ADR (NYSE:FINV – Free Report) by 49.9% in the second quarter, Holdings Channel.com reports. The firm owned 294,795 shares of the company’s stock after selling 293,951 shares during the period. Maven Securities LTD’s holdings in PPDAI Group were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new stake in PPDAI Group in the 2nd quarter worth $119,000. FourThought Financial Partners LLC acquired a new position in shares of PPDAI Group during the fourth quarter valued at about $120,000. Abacus Wealth Partners LLC bought a new stake in shares of PPDAI Group in the fourth quarter valued at about $221,000. Royal Bank of Canada lifted its stake in shares of PPDAI Group by 114.5% in the first quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock valued at $571,000 after buying an additional 31,641 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in PPDAI Group by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 475,988 shares of the company’s stock worth $4,584,000 after buying an additional 12,000 shares in the last quarter. 31.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings lowered PPDAI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 28th. Citigroup reiterated a “neutral” rating and issued a $4.10 price objective (down from $8.10) on shares of PPDAI Group in a research report on Friday, August 28th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $4.10.

View Our Latest Report on PPDAI Group

PPDAI Group Trading Up 0.4%

Shares of PPDAI Group stock opened at $3.40 on Wednesday. The firm has a market capitalization of $828.40 million, a PE ratio of 3.21 and a beta of 0.34. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.84 and a quick ratio of 2.84. The company’s fifty day moving average price is $4.46 and its two-hundred day moving average price is $4.85. PPDAI Group Inc. Sponsored ADR has a 52-week low of $3.22 and a 52-week high of $8.05.

PPDAI Group (NYSE:FINV – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $500.91 million during the quarter. PPDAI Group had a net margin of 14.49% and a return on equity of 12.31%.

PPDAI Group Profile

(Free Report)

PPDAI Group Inc operates an online consumer finance marketplace that connects individual and institutional investors with personal and small-business borrowers. Through its digital platform, the company facilitates unsecured consumer loans, auto refinancing loans and small-business financing by leveraging proprietary credit assessment tools and big data analytics. Investors gain exposure to a diversified portfolio of retail credit assets, while borrowers benefit from streamlined application processes and competitive financing rates.

At the core of PPDAI’s offering is a multi-layered risk management framework that combines automated credit scoring, manual underwriting oversight and third-party data verification.

Further Reading

Want to see what other hedge funds are holding FINV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PPDAI Group Inc. Sponsored ADR (NYSE:FINV – Free Report).