ANTIPODES PARTNERS Ltd Makes New $202,000 Investment in LexinFintech Holdings Ltd. (NASDAQ:LX)

ANTIPODES PARTNERS Ltd acquired a new position in LexinFintech Holdings Ltd. (NASDAQ:LX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 34,769 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in LexinFintech in the fourth quarter worth $29,000. QRG Capital Management Inc. boosted its holdings in shares of LexinFintech by 24.1% during the fourth quarter. QRG Capital Management Inc. now owns 45,124 shares of the company’s stock valued at $262,000 after acquiring an additional 8,752 shares during the period. Wolverine Trading LLC acquired a new position in shares of LexinFintech during the third quarter valued at $29,000. Kathmere Capital Management LLC acquired a new position in shares of LexinFintech during the fourth quarter valued at $79,000. Finally, Centiva Capital LP acquired a new position in shares of LexinFintech during the third quarter valued at $41,000.

LexinFintech Stock Performance

Shares of LX opened at $9.22 on Thursday. LexinFintech Holdings Ltd. has a 1 year low of $1.56 and a 1 year high of $9.82. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 14.64 and a beta of 0.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a fifty day moving average of $7.71 and a 200-day moving average of $5.02.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of LexinFintech from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th.

LexinFintech Company 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.