LexinFintech Holdings Ltd. Sponsored ADR $LX Position Increased by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its position in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 50.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 718,218 shares of the company’s stock after purchasing an additional 239,705 shares during the period. Allianz Asset Management GmbH owned 0.43% of LexinFintech worth $3,828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its position in 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 buying an additional 2,296 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in LexinFintech during the third quarter worth about $169,000. Squarepoint Ops LLC grew its holdings in shares of LexinFintech by 27.4% during the 2nd quarter. Squarepoint Ops LLC now owns 93,964 shares of the company’s stock worth $677,000 after purchasing an additional 20,229 shares in the last quarter. Nomura Holdings Inc. boosted its stake in LexinFintech by 107.6% during the second quarter. Nomura Holdings Inc. now owns 1,057,883 shares of the company’s stock worth $7,627,000 after buying an additional 548,371 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of 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.

LexinFintech Stock Down 3.0%

Shares of NASDAQ:LX opened at $2.96 on Wednesday. The company has a market cap of $498.05 million, a price-to-earnings ratio of 2.08 and a beta of 0.74. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $3.11 and a 200 day moving average price of $4.55. LexinFintech Holdings Ltd. Sponsored ADR has a 12 month low of $2.62 and a 12 month high of $11.64.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LX. Weiss Ratings restated a “hold (c)” rating on shares of LexinFintech in a research note on Monday, December 29th. UBS Group cut shares of LexinFintech from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $13.60 to $3.50 in a research report on Thursday, December 4th. Finally, Wall Street Zen downgraded shares of LexinFintech from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently 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.