XTX Topco Ltd Boosts Holdings in LexinFintech Holdings Ltd. Sponsored ADR $LX

XTX Topco Ltd boosted its stake in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 137.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 146,818 shares of the company’s stock after purchasing an additional 84,988 shares during the period. XTX Topco Ltd’s holdings in LexinFintech were worth $1,059,000 as of its most recent filing with the SEC.

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

LexinFintech Price Performance

LexinFintech stock opened at $3.29 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.88. LexinFintech Holdings Ltd. Sponsored ADR has a one year low of $3.21 and a one year high of $11.64. The firm has a market capitalization of $553.58 million, a P/E ratio of 2.32 and a beta of 0.51. The business has a fifty day moving average price of $4.66 and a 200-day moving average price of $6.12.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen cut LexinFintech from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “hold (c+)” rating on shares of LexinFintech in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average 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.