LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) Short Interest Update

LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totaling 4,414,410 shares, a drop of 16.9% from the March 15th total of 5,310,805 shares. Based on an average daily trading volume, of 2,343,947 shares, the short-interest ratio is currently 1.9 days. Currently, 3.6% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of LexinFintech in a report on Friday, March 27th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.50.

Hedge Funds Weigh In On LexinFintech

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in LexinFintech by 67.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,528,164 shares of the company’s stock valued at $18,805,000 after purchasing an additional 1,423,034 shares in the last quarter. Oasis Management Co Ltd. bought a new stake in shares of LexinFintech in the third quarter worth approximately $5,924,000. HCEP Management Ltd grew its stake in shares of LexinFintech by 81.7% in the third quarter. HCEP Management Ltd now owns 1,711,539 shares of the company’s stock worth $9,123,000 after acquiring an additional 769,522 shares during the period. GSA Capital Partners LLP grew its stake in shares of LexinFintech by 1,611.4% in the third quarter. GSA Capital Partners LLP now owns 188,459 shares of the company’s stock worth $1,004,000 after acquiring an additional 177,447 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in shares of LexinFintech by 50.1% in the third quarter. Allianz Asset Management GmbH now owns 718,218 shares of the company’s stock worth $3,828,000 after acquiring an additional 239,705 shares during the period.

LexinFintech Stock Down 2.1%

Shares of NASDAQ:LX traded down $0.05 during midday trading on Friday, hitting $2.35. 2,141,329 shares of the company’s stock were exchanged, compared to its average volume of 1,875,014. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.89 and a quick ratio of 1.89. The stock has a 50 day moving average price of $2.57 and a 200-day moving average price of $3.36. The company has a market cap of $395.41 million, a PE ratio of 1.79 and a beta of 0.82. LexinFintech has a 12 month low of $2.02 and a 12 month high of $9.35.

LexinFintech (NASDAQ:LX) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $434.95 million during the quarter. LexinFintech had a net margin of 12.72% and a return on equity of 14.36%.

LexinFintech Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, June 3rd. Investors of record on Friday, April 24th will be issued a dividend of $0.188 per share. This represents a yield of 1,589.0%. The ex-dividend date of this dividend is Friday, April 24th. LexinFintech’s dividend payout ratio is 23.66%.

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.