PPDAI Group (PPDF) Issues Earnings Results, Beats Estimates By $0.12 EPS

PPDAI Group (NYSE:PPDF) posted its quarterly earnings data on Tuesday. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.12, Morningstar.com reports. The company had revenue of $150.46 million for the quarter.

PPDAI Group opened at $8.35 on Thursday, Marketbeat.com reports. PPDAI Group has a twelve month low of $7.85 and a twelve month high of $8.14.

A number of hedge funds have recently bought and sold shares of the stock. Millennium Management LLC increased its position in PPDAI Group by 42.3% during the 1st quarter. Millennium Management LLC now owns 28,388 shares of the company’s stock valued at $211,000 after buying an additional 8,438 shares in the last quarter. BlackRock Inc. purchased a new stake in PPDAI Group during the 4th quarter valued at $101,000. Highbridge Capital Management LLC boosted its stake in PPDAI Group by 19.3% during the 1st quarter. Highbridge Capital Management LLC now owns 216,000 shares of the company’s stock valued at $1,609,000 after purchasing an additional 35,000 shares during the last quarter. Citadel Advisors LLC purchased a new stake in PPDAI Group during the 1st quarter valued at $336,000. Finally, Jane Street Group LLC purchased a new stake in PPDAI Group during the 1st quarter valued at $433,000. 3.75% of the stock is owned by institutional investors.

Separately, Deutsche Bank initiated coverage on PPDAI Group in a research report on Tuesday, April 10th. They set a “buy” rating for the company.

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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