Deutsche Bank began coverage on shares of PPDAI Group (NYSE:PPDF) in a report released on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating on the stock.
Separately, Keefe, Bruyette & Woods started coverage on PPDAI Group in a report on Monday, December 18th. They issued a market perform rating for the company.
Shares of PPDF opened at $6.87 on Tuesday. PPDAI Group has a 1 year low of $6.53 and a 1 year high of $14.63.
A number of hedge funds have recently modified their holdings of PPDF. BlackRock Inc. bought a new stake in PPDAI Group in the fourth quarter worth approximately $101,000. Tiger Pacific Capital LP bought a new stake in PPDAI Group in the fourth quarter worth approximately $3,394,000. Franklin Resources Inc. bought a new stake in PPDAI Group in the fourth quarter worth approximately $6,056,000. Two Sigma Investments LP bought a new stake in PPDAI Group in the fourth quarter worth approximately $802,000. Finally, Millennium Management LLC bought a new stake in PPDAI Group in the fourth quarter worth approximately $142,000. Institutional investors and hedge funds own 3.49% of the company’s stock.
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About PPDAI Group
PPDAI Group Inc is an online consumer finance marketplace company in China. The Company is focused on delivering accessible and convenient financial services to borrowers and investors. The Company’s products and services include Loan services offered to borrowers, and Investment services offered to investors.
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