LexinFintech Holdings Ltd. Sponsored ADR $LX Stock Holdings Increased by Anatole Investment Management Ltd

Anatole Investment Management Ltd lifted its stake in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 79.6% during the fourth quarter, Holdings Channel reports. The fund owned 4,870,383 shares of the company’s stock after acquiring an additional 2,159,246 shares during the period. LexinFintech comprises 2.6% of Anatole Investment Management Ltd’s investment portfolio, making the stock its 9th largest position. Anatole Investment Management Ltd’s holdings in LexinFintech were worth $15,926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of LX. Caitong International Asset Management Co. Ltd increased its position in shares of LexinFintech by 150.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,601 shares of the company’s stock worth $31,000 after acquiring an additional 5,773 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of LexinFintech during the fourth quarter worth $59,000. Hudson Bay Capital Management LP purchased a new stake in shares of LexinFintech during the third quarter worth $60,000. Tower Research Capital LLC TRC increased its position in shares of LexinFintech by 350.5% during the second quarter. Tower Research Capital LLC TRC now owns 9,969 shares of the company’s stock worth $72,000 after acquiring an additional 7,756 shares during the period. Finally, Prelude Capital Management LLC purchased a new stake in shares of LexinFintech during the third quarter worth $80,000.

Analyst Ratings Changes

Separately, Weiss Ratings lowered LexinFintech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, LexinFintech currently has a consensus rating of “Hold” and an average target price of $3.50.

LexinFintech Stock Performance

NASDAQ:LX opened at $2.00 on Thursday. The firm has a market capitalization of $335 million, a PE ratio of 1.74 and a beta of 0.84. The business’s fifty day moving average price is $2.15 and its 200 day moving average price is $2.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.03 and a quick ratio of 2.02. LexinFintech Holdings Ltd. Sponsored ADR has a 12 month low of $1.79 and a 12 month high of $7.99.

LexinFintech (NASDAQ:LX) last posted its earnings results on Saturday, February 14th. The company reported $0.10 EPS for the quarter. The firm had revenue of $434.95 million for the quarter. LexinFintech had a return on equity of 12.12% and a net margin of 10.78%.

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.