BRIGHT VALLEY CAPITAL Ltd Cuts Stock Position in LexinFintech Holdings Ltd. Sponsored ADR $LX

BRIGHT VALLEY CAPITAL Ltd lessened its position in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 89.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 394,698 shares of the company’s stock after selling 3,183,692 shares during the quarter. LexinFintech comprises 0.5% of BRIGHT VALLEY CAPITAL Ltd’s holdings, making the stock its 12th biggest position. BRIGHT VALLEY CAPITAL Ltd’s holdings in LexinFintech were worth $1,291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LX. JPMorgan Chase & Co. boosted its position in shares of LexinFintech by 67.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,528,164 shares of the company’s stock worth $18,805,000 after purchasing an additional 1,423,034 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in LexinFintech during the 4th quarter valued at about $1,414,000. Oasis Management Co Ltd. acquired a new position in LexinFintech during the 3rd quarter valued at about $5,924,000. HCEP Management Ltd raised its stake in LexinFintech by 81.7% in the third quarter. HCEP Management Ltd now owns 1,711,539 shares of the company’s stock valued at $9,123,000 after buying an additional 769,522 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in 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 in the last quarter.

LexinFintech Trading Up 0.9%

NASDAQ:LX opened at $2.16 on Friday. The company has a market capitalization of $361.80 million, a P/E ratio of 1.88 and a beta of 0.84. The company has a current ratio of 2.03, a quick ratio of 2.02 and a debt-to-equity ratio of 0.15. LexinFintech Holdings Ltd. Sponsored ADR has a 12 month low of $1.79 and a 12 month high of $7.99. The firm has a fifty day simple moving average of $2.16 and a 200-day simple moving average of $2.68.

LexinFintech (NASDAQ:LX) last released its earnings results on Monday, May 25th. The company reported $0.10 earnings per share (EPS) for the quarter. LexinFintech had a return on equity of 12.12% and a net margin of 10.78%.The firm had revenue of $479.95 million for the quarter.

LexinFintech Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, April 24th were issued a $0.188 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a dividend yield of 1,757.0%. LexinFintech’s dividend payout ratio is currently 26.09%.

Wall Street Analysts Forecast Growth

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

About LexinFintech

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.