LexinFintech Holdings Ltd. Sponsored ADR $LX is HCEP Management Ltd’s 6th Largest Position

HCEP Management Ltd boosted its holdings in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 81.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,711,539 shares of the company’s stock after acquiring an additional 769,522 shares during the quarter. LexinFintech accounts for about 5.2% of HCEP Management Ltd’s investment portfolio, making the stock its 6th largest position. HCEP Management Ltd owned 1.02% of LexinFintech worth $9,123,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LX. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of LexinFintech by 65.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,818 shares of the company’s stock worth $31,000 after purchasing an additional 2,296 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in LexinFintech by 350.5% in the second quarter. Tower Research Capital LLC TRC now owns 9,969 shares of the company’s stock valued at $72,000 after purchasing an additional 7,756 shares in the last quarter. Quantbot Technologies LP bought a new stake in LexinFintech during the second quarter valued at approximately $107,000. Tidal Investments LLC purchased a new position in LexinFintech in the 2nd quarter worth approximately $115,000. Finally, Fox Run Management L.L.C. purchased a new position in LexinFintech in the 2nd quarter worth approximately $124,000.

Analyst Upgrades and Downgrades

LX has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of LexinFintech in a research report on Monday, December 29th. Wall Street Zen cut LexinFintech from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, UBS Group lowered LexinFintech from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $13.60 to $3.50 in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, LexinFintech presently has an average rating of “Hold” and an average price target of $3.50.

LexinFintech Trading Down 1.1%

Shares of LX opened at $2.66 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.80 and a current ratio of 1.80. LexinFintech Holdings Ltd. Sponsored ADR has a fifty-two week low of $2.62 and a fifty-two week high of $11.64. The firm has a 50 day moving average price of $2.97 and a 200-day moving average price of $4.09. The firm has a market cap of $447.57 million, a price-to-earnings ratio of 1.87 and a beta of 0.67.

LexinFintech 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.