LexinFintech Holdings Ltd. Sponsored ADR $LX Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP grew its holdings in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 1,611.4% during the third quarter, HoldingsChannel reports. The firm owned 188,459 shares of the company’s stock after acquiring an additional 177,447 shares during the period. GSA Capital Partners LLP’s holdings in LexinFintech were worth $1,004,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LX. Goldman Sachs Group Inc. increased its holdings in shares of LexinFintech by 201.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,482,060 shares of the company’s stock valued at $14,954,000 after purchasing an additional 991,075 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of LexinFintech by 8.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 478,513 shares of the company’s stock worth $3,450,000 after acquiring an additional 36,998 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of LexinFintech during the 2nd quarter valued at about $2,490,000. ANTIPODES PARTNERS Ltd grew its holdings in shares of LexinFintech by 97.2% in the second quarter. ANTIPODES PARTNERS Ltd now owns 63,315 shares of the company’s stock valued at $457,000 after purchasing an additional 31,204 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in LexinFintech during the second quarter worth about $124,000.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wall Street Zen lowered shares of LexinFintech from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. UBS Group cut LexinFintech from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $13.60 to $3.50 in a report on Thursday, December 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LexinFintech in a research note on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $3.50.

LexinFintech Stock Up 1.3%

LexinFintech stock opened at $3.03 on Friday. The company has a market capitalization of $509.83 million, a PE ratio of 2.13 and a beta of 0.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.80 and a current ratio of 1.80. LexinFintech Holdings Ltd. Sponsored ADR has a fifty-two week low of $2.62 and a fifty-two week high of $11.64. The firm has a 50 day moving average price of $3.06 and a 200 day moving average price of $4.40.

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.