FinVolution Group (FINV) Holdings Reduced by Acadian in Q1

FinVolution Group (NYSE:FINV) is among the best low-priced growth stocks to buy now. In the first quarter, Acadian Asset Management LLC reduced its stake in FinVolution Group (NYSE:FINV) by 7.1% through the sale of 394,293 shares. According to a recent disclosure with the SEC, the firm now owns 5,131,870 shares of the company’s stock, which translates to an ownership of about 2.03% and an investment of approximately $49,397,000.

Three words best describe FinVolution Group (NYSE:FINV): growth, valuation, and risk. Considering growth, the first pillar, the company has delivered a significant 96% increase in the number of its international customers. Much of this success is attributed to the Indonesian and Philippine markets, recording a 74% growth rate. With plans to enter the Pakistani market, the company remains committed to its international expansion plans.

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There’s no doubt FinVolution Group (NYSE:FINV) is undervalued, and undervaluation always has an underlying cause. Although there is a de-listing risk from the US government, along with the confiscation risk from the Chinese government, the likelihood of these risks materializing is very small.

FinVolution Group (NYSE:FINV) is a Chinese investment holding company managing mainly four platforms: PPDai mobile application, KOO Virtual Credit, AdaKami, and JuanHand. Founded in 2007, the company operates in the online consumer finance industry.

While we acknowledge the potential of FINV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FINV and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.