Gold Dragon Worldwide Asseet Mana.. recently announced the acquisition of new stake in FinVolution Group (NYSE:FINV). The institutional investor has increased its shareholding in the Financial company by 44.05% to 16.72 million shares with purchase of 5.11 million shares. This fresh investment now brings its stake to 8.87% valued currently at $33.94 million. In addition, Wells Capital Management, Inc. raised its holdings by 0.2 million to 11.18 million shares.
With over 1.74 million FinVolution Group (FINV) shares trading Monday and a closing price of $1.90 on the day, the dollar volume was approximately $3.31 million. The shares have shown a negative weekly performance of -25.78% and its price on 08/31/20 lost nearly -8.65%. Currently, there are 302.77M common shares owned by the public and among those 93.57M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for FINV have a consensus price objective of $20.99. The analysts have set the share’s price value over the next 12 months at a high of $27.65 and a low of $15.31 should the stock experience a downside. Incidentally, analysts’ outlook for the FinVolution Group stock is 2.00 for the next 12 months. The average price target is 36.24% above its last price level and an upside to the estimated low will see the stock gain 87.59% over that period. But an upside of 93.13% will see the stock hit the forecast high price target while mean target price for the stock is $20.50.
The top 3 mutual fund holders in FinVolution Group are Wells Fargo Emerging Markets Equi, Vanguard Total International Stoc, and Government Pension Fund – Global. Wells Fargo Emerging Markets Equi owns 4.4 million shares of the company’s stock, all valued at over $8.94 million. Vanguard Total International Stoc sold -0.21 million shares to see its total holdings shrink to 1.19 million shares valued at over $2.41 million and representing 0.63% of the shares outstanding. Government Pension Fund – Global bought 0.57 million shares to bring its total holdings to over 0.57 million shares at a value of $1.15 million. Government Pension Fund – Global now owns shares totaling to 0.30% of the shares outstanding.
Shares of FinVolution Group (NYSE: FINV) opened at $2.06, down -$0.02 from a prior closing price of $2.08. However, the script later closed the day at $1.90, down -8.65%. The company’s stock has a 5-day price change of -25.78% and 27.52% over the past three months. FINV shares are trading -28.30% year to date (YTD), with the 12-month market performance down to -49.20% lower. It has a 12-month low price of $1.22 and touched a high of $4.03 over the same period. Currently, 1.74 million shares have been traded, compared to an average intraday trading volume of 1.62 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -15.03%, -7.50%, and -4.43% respectively.
Institutional ownership of FinVolution Group (NYSE: FINV) shares accounts for 18.30% of the company’s 302.77M shares outstanding. Mutual fund holders own 21.46%, while other institutional holders and individual stakeholders account for 4.62% and — respectively.
It has a market capitalization of $375.71M. The stock’s trailing 12-month PE ratio is 2.15, while the earnings-per-share (ttm) stands at $0.88. The company has a debt-to-equity ratio at 0.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.11% over the week and 10.03% over the month.
Analysts forecast that FinVolution Group (FINV) will achieve an EPS of $0.15 for the current quarter, $0.2 for the next quarter and $0.74 for 2021. The lowest estimate earnings-per-share for the quarter is $0.15 while analysts give the company a high EPS estimate of $0.15. Comparatively, EPS for the current quarter was $0.3 a year ago. Earnings per share for the fiscal year are expected to decrease by -1.00%, and 10.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate FinVolution Group (FINV) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 2 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”