LexinFintech Holdings Ltd. Sponsored ADR $LX Shares Purchased by HCEP Management Ltd

HCEP Management Ltd grew its position in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 261.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 942,017 shares of the company’s stock after purchasing an additional 681,633 shares during the period. LexinFintech accounts for about 5.5% of HCEP Management Ltd’s portfolio, making the stock its 6th largest holding. HCEP Management Ltd’s holdings in LexinFintech were worth $6,792,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BRIGHT VALLEY CAPITAL Ltd increased its position in LexinFintech by 33.0% during the 1st quarter. BRIGHT VALLEY CAPITAL Ltd now owns 5,305,208 shares of the company’s stock worth $53,530,000 after buying an additional 1,315,208 shares during the period. Acadian Asset Management LLC increased its position in LexinFintech by 4.6% during the second quarter. Acadian Asset Management LLC now owns 4,884,131 shares of the company’s stock worth $35,192,000 after acquiring an additional 214,800 shares during the period. Vanguard Group Inc. acquired a new stake in LexinFintech in the 1st quarter worth about $44,048,000. Alliancebernstein L.P. boosted its holdings in LexinFintech by 1,862.9% in the 1st quarter. Alliancebernstein L.P. now owns 3,715,319 shares of the company’s stock valued at $37,488,000 after purchasing an additional 3,526,039 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of LexinFintech by 38.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,105,130 shares of the company’s stock worth $15,178,000 after purchasing an additional 585,739 shares in the last quarter.

LexinFintech Stock Performance

NASDAQ LX opened at $3.30 on Thursday. LexinFintech Holdings Ltd. Sponsored ADR has a 1 year low of $3.25 and a 1 year high of $11.64. The firm has a market capitalization of $555.26 million, a price-to-earnings ratio of 2.32 and a beta of 0.51. The company has a current ratio of 1.80, a quick ratio of 1.88 and a debt-to-equity ratio of 0.08. The firm’s 50 day simple moving average is $4.76 and its 200 day simple moving average is $6.19.

LexinFintech (NASDAQ:LX) last issued its earnings results on Monday, November 24th. The company reported $0.41 earnings per share for the quarter. LexinFintech had a return on equity of 16.11% and a net margin of 13.28%.The firm had revenue of $480.05 million for the quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LX. Weiss Ratings reiterated a “hold (c+)” rating on shares of LexinFintech in a research note on Wednesday, October 8th. Wall Street Zen cut LexinFintech from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.60.

LexinFintech Profile

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.