Is FinVolution Group (FINV) A Good Stock To Buy?
Added 12-01-20 12:04:02pm EST - “In this article you are going to find out whether hedge funds think FinVolution Group (NYSE:FINV) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock.…” - News.yahoo.com
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In this article you are going to find out whether hedge funds think FinVolution Group (NYSE:FINV) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk attributes. It's not surprising given that hedge funds have access to better information and more resources to predict the winners in the stock market.
Is FinVolution Group (NYSE:FINV) a good stock to buy? Prominent investors were getting less optimistic. The number of bullish hedge fund bets went down by 4 lately. FinVolution Group (NYSE:FINV) was in 5 hedge funds' portfolios at the end of September. The all time high for this statistics is 12. Our calculations also showed that FINV isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video for a quick look at the top 5 stocks). There were 9 hedge funds in our database with FINV holdings at the end of June. Video: Watch our video about the top 5 most popular hedge fund stocks.
To most stock holders, hedge funds are seen as worthless, old financial tools of years past. While there are more than 8000 funds with their doors open today, Our experts choose to focus on the aristocrats of this group, around 850 funds. These hedge fund managers have their hands on the lion's share of all hedge funds' total asset base, and by keeping an eye on their highest performing stock picks, Insider Monkey has identified numerous investment strategies that have historically outstripped the S&P 500 index. Insider Monkey's flagship short hedge fund strategy defeated the S&P 500 short ETFs by around 20 percentage points per year since its inception in March 2017. Our portfolio of short stocks lost 13% since February 2017 (through November 17th) even though the market was up 65% during the same period. We just shared a list of 6 short targets in our latest quarterly update .
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 15 best blue chip stocks to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website. Keeping this in mind let's analyze the new hedge fund action regarding FinVolution Group (NYSE:FINV).
At third quarter's end, a total of 5 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -44% from the previous quarter. On the other hand, there were a total of 9 hedge funds with a bullish position in FINV a year ago. With hedge funds' positions undergoing their usual ebb and flow, there exists an "upper tier" of noteworthy hedge fund managers who were upping their stakes considerably (or already accumulated large positions).
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