Separately, Zacks Investment Research raised shares of PPDAI Group from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research report on Tuesday, February 12th.
Shares of PPDF opened at $6.02 on Thursday. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 5.38 and a beta of 1.98. PPDAI Group has a fifty-two week low of $2.85 and a fifty-two week high of $8.45.
A number of large investors have recently bought and sold shares of PPDF. FMR LLC acquired a new stake in shares of PPDAI Group in the 3rd quarter valued at about $16,766,000. New Silk Road Investment PTE Ltd. acquired a new stake in shares of PPDAI Group in the 1st quarter valued at about $2,544,000. Two Sigma Investments LP acquired a new stake in shares of PPDAI Group in the 4th quarter valued at about $1,036,000. Massachusetts Institute of Technology acquired a new stake in PPDAI Group during the fourth quarter worth about $871,000. Finally, Barclays PLC raised its stake in PPDAI Group by 856.2% during the fourth quarter. Barclays PLC now owns 193,857 shares of the company’s stock worth $698,000 after acquiring an additional 173,583 shares during the period. 9.73% of the stock is owned by institutional investors.
PPDAI Group Company Profile
PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard, handy cash, consumption, and other loan products; and investment services to investors and institutional funding partners.
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