Pictet Asset Management SA Sells 13,800 Shares of LexinFintech Holdings Ltd. (NASDAQ:LX)

Pictet Asset Management SA decreased its holdings in shares of LexinFintech Holdings Ltd. (NASDAQ:LXGet Rating) by 27.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,800 shares of the company’s stock after selling 13,800 shares during the period. Pictet Asset Management SA’s holdings in LexinFintech were worth $80,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sei Investments Co. bought a new position in shares of LexinFintech in the 1st quarter worth approximately $31,000. Northern Trust Corp bought a new position in shares of LexinFintech in the 1st quarter worth approximately $35,000. Mercer Global Advisors Inc. ADV bought a new position in LexinFintech during the 1st quarter valued at approximately $73,000. Legacy Wealth Asset Management LLC increased its position in LexinFintech by 16.9% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 36,032 shares of the company’s stock valued at $94,000 after buying an additional 5,200 shares in the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in LexinFintech during the 1st quarter valued at approximately $129,000. Institutional investors own 16.19% of the company’s stock.

LexinFintech Stock Up 2.5 %

LX stock opened at $1.61 on Friday. LexinFintech Holdings Ltd. has a twelve month low of $1.26 and a twelve month high of $4.76. The company has a quick ratio of 1.46, a current ratio of 1.47 and a debt-to-equity ratio of 0.26. The firm has a market cap of $296.03 million, a PE ratio of 2.64 and a beta of 0.43. The business has a 50 day moving average of $1.61 and a 200 day moving average of $1.92.

Analyst Upgrades and Downgrades

Separately, CLSA raised LexinFintech from a “reduce” rating to an “accumulate” rating in a research report on Monday, November 14th.

LexinFintech Profile

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LexinFintech Holdings Ltd., through its subsidiaries, offers 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 provides online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.

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Institutional Ownership by Quarter for LexinFintech (NASDAQ:LX)

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