OVERSEA CHINESE BANKING Corp Ltd Invests $1.41 Million in LexinFintech Holdings Ltd. Sponsored ADR $LX

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 432,430 shares of the company’s stock, valued at approximately $1,414,000.

Several other large investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its stake in LexinFintech by 65.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,818 shares of the company’s stock valued at $31,000 after acquiring an additional 2,296 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in LexinFintech by 350.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,969 shares of the company’s stock valued at $72,000 after acquiring an additional 7,756 shares in the last quarter. ABN Amro Investment Solutions grew its stake in LexinFintech by 10.3% during the 3rd quarter. ABN Amro Investment Solutions now owns 97,017 shares of the company’s stock valued at $517,000 after acquiring an additional 9,038 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in LexinFintech during the 3rd quarter valued at about $60,000. Finally, Quantbot Technologies LP purchased a new stake in LexinFintech during the 2nd quarter valued at about $107,000.

LexinFintech Stock Up 2.2%

Shares of LX opened at $2.35 on Thursday. LexinFintech Holdings Ltd. Sponsored ADR has a 52-week low of $2.02 and a 52-week high of $9.35. The company has a market capitalization of $395.42 million, a PE ratio of 1.79 and a beta of 0.82. The stock has a fifty day simple moving average of $2.53 and a two-hundred day simple moving average of $3.28. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.12.

LexinFintech (NASDAQ:LX) last issued its earnings results on Saturday, February 14th. The company reported $0.10 earnings per share (EPS) for the quarter. LexinFintech had a return on equity of 14.36% and a net margin of 12.72%.The business had revenue of $434.95 million during the quarter.

LexinFintech Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Friday, April 24th will be paid a $0.188 dividend. The ex-dividend date of this dividend is Friday, April 24th. This represents a dividend yield of 1,589.0%. LexinFintech’s dividend payout ratio is 22.90%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LexinFintech in a research note on Friday, March 27th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $3.50.

LexinFintech Company Profile

LexinFintech Holdings Ltd. (NASDAQ: LX) is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company’s core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.

In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.