Is There More Upside Ahead For FinVolution Group (NYSE: FINV)


Gold Dragon Worldwide Asseet Mana.. has recently announced that it has increased stake in FinVolution Group (NYSE:FINV) by 44.05%. After grabbing 16.72 million shares, the institutional investor is now in possession of 5.11 million shares of the Financial Company. The new investment brought the stake of investor firm to 8.87% having worth around $33.94 million. Moreover, Wells Capital Management, Inc. increased its share by 0.2 million to have a control over 11.18 million shares. And L1 Capital Pty Ltd. raised its holdings to 2.71 million shares by acquiring 2.71 million shares or 1.44% of the stake.

FinVolution Group (FINV) concluded trading on 08/27/20 at a closing price of $2.18, with 1.51 million shares of worth about $3.3 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -17.74% during that period and on Thursday the price saw a loss of about -8.79%. Currently the company’s common shares owned by public are about 304.66M shares, out of which, 94.16M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the FINV stock and their offered price forecasts bring an average price target of $20.69. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $27.65 and could fall to a lowest price of $15.70. Analysts also issued an outlook of 2.00 for the FinVolution Group stock for next 12 months. The stock’s current price level is 18.35% above of average price target set by the analysts, while a rise to estimated low would result in gain of 86.11 for the stock. However, touching the estimated high of $27.65 would mean a gain of 92.12% for the stock.

Wells Fargo Emerging Markets Equi, Vanguard Total International Stoc, and Government Pension Fund – Global are the top 3 mutual funds which are holding stakes in FinVolution Group Wells Fargo Emerging Markets Equi is currently holding 4.4 million shares of worth totaling $8.94 million. The company recently came buying 0.0 shares which brought its stake up to 2.34% of the company’s outstanding shares. Vanguard Total International Stoc sold -0.21 million shares, after which its hold over company’s outstanding shares shrunk to 0.63%, leaving 1.19 million shares with the mutual fund that have a worth of about $2.41 million. Government Pension Fund – Global, after buying 0.57 million shares, have now control over 0.30% of the stake in the company. It holds 0.57 million shares of worth $1.15 million.

FinVolution Group (NYSE: FINV) started trading at $2.29, below -$0.1 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $2.18, or with a loss of -8.79%. Stock saw a price change of -17.74% in past 5 days and over the past one month there was a price change of 11.22%. Year-to-date (YTD), FINV shares are showing a performance of -17.74% which decreased to -42.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.22 but also hit the highest price of $4.03 during that period. While comparing its average daily trading volume of 1.61 million shares, we see that about 1.51 million changed hands on the day. The stock is currently trading -1.89% below its 20-day simple moving average (SMA20), while that difference is up 7.25% for SMA50 and it goes to 9.16% higher than SMA200.

Gold Dragon Worldwide Asseet Mana.. acquired 16.72 million shares of FinVolution Group having value of about $33.94 million. Data submitted at the U.S SEC by Gold Dragon Worldwide Asseet Mana.. revealed that the firm now holds 5.11 million shares in the company valued at close to $11145581.36, or have control over 44.05% stake in the company. FinVolution Group (NYSE: FINV) currently have 304.66M outstanding shares and institutions hold larger chunk of about 18.40% of that. Holding of mutual funds in the company is about 21.46% while other institutional holders and individual stake holders have control over 4.62% and — of the stake respectively.

The stock has a current market capitalization of $751.60M. PE ratio of stock for trailing 12 months is 2.25, while it has posted earnings per share of $0.97 in the same period. It has a debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FINV, volatility over the week remained 11.40% while standing at 9.74% over the month.

Analysts are in expectations that FinVolution Group (FINV) stock would likely to be making an EPS of $0.15 in the current quarter, while forecast for next quarter ESPS is $0.2 and it is $0.82 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.15 which is $0.15 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.3 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.00% while it is estimated to increase by 20.42% in next year.

Analysts at 5 brokerage firms have issued recommendations for the FinVolution Group (FINV)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 5 Wall Street analysts, 4 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.


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