LexinFintech Holdings Ltd. Sponsored ADR $LX Stock Position Lifted by Oasis Management Co Ltd.

Oasis Management Co Ltd. grew its position in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 56.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,744,075 shares of the company’s stock after buying an additional 632,575 shares during the period. LexinFintech comprises 0.4% of Oasis Management Co Ltd.’s portfolio, making the stock its 24th largest position. Oasis Management Co Ltd. owned 1.04% of LexinFintech worth $5,703,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. HRT Financial LP lifted its holdings in LexinFintech by 525.4% during the 4th quarter. HRT Financial LP now owns 75,090 shares of the company’s stock worth $245,000 after buying an additional 63,084 shares during the last quarter. Renaissance Technologies LLC bought a new position in LexinFintech during the 4th quarter worth approximately $4,071,000. New York State Common Retirement Fund bought a new position in LexinFintech during the 4th quarter worth approximately $59,000. Campbell & CO Investment Adviser LLC lifted its holdings in LexinFintech by 49.0% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 47,312 shares of the company’s stock worth $155,000 after buying an additional 15,563 shares during the last quarter. Finally, Brilliance Asset Management Ltd. lifted its holdings in LexinFintech by 24.2% during the 4th quarter. Brilliance Asset Management Ltd. now owns 3,601,592 shares of the company’s stock worth $11,777,000 after buying an additional 701,943 shares during the last quarter.

LexinFintech Stock Down 1.9%

Shares of LexinFintech stock opened at $2.12 on Friday. The company has a current ratio of 2.03, a quick ratio of 2.02 and a debt-to-equity ratio of 0.15. The business’s 50 day simple moving average is $2.16 and its 200-day simple moving average is $2.67. The stock has a market capitalization of $355.10 million, a price-to-earnings ratio of 1.84 and a beta of 0.84. LexinFintech Holdings Ltd. Sponsored ADR has a twelve month low of $1.79 and a twelve month high of $7.99.

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

LexinFintech Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, April 24th were given a dividend of $0.188 per share. This represents a dividend yield of 1,757.0%. The ex-dividend date was Friday, April 24th. LexinFintech’s dividend payout ratio is presently 26.09%.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded LexinFintech from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.