HCEP Management Ltd Has $9.12 Million Stake in LexinFintech Holdings Ltd. Sponsored ADR $LX

HCEP Management Ltd boosted its stake in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 81.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,711,539 shares of the company’s stock after acquiring an additional 769,522 shares during the quarter. LexinFintech accounts for about 5.2% of HCEP Management Ltd’s investment portfolio, making the stock its 6th largest holding. HCEP Management Ltd’s holdings in LexinFintech were worth $9,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Acadian Asset Management LLC lifted its position in LexinFintech by 4.6% in the second quarter. Acadian Asset Management LLC now owns 4,884,131 shares of the company’s stock valued at $35,192,000 after purchasing an additional 214,800 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of LexinFintech by 2.1% in the third quarter. Vanguard Group Inc. now owns 4,642,573 shares of the company’s stock worth $24,745,000 after buying an additional 94,490 shares during the period. Alliancebernstein L.P. increased its stake in shares of LexinFintech by 4.1% in the second quarter. Alliancebernstein L.P. now owns 3,865,830 shares of the company’s stock worth $27,873,000 after buying an additional 150,511 shares during the period. JPMorgan Chase & Co. raised its holdings 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 buying an additional 1,423,034 shares during the last quarter. Finally, Man Group plc boosted its position in LexinFintech by 207.0% during the 2nd quarter. Man Group plc now owns 3,419,971 shares of the company’s stock valued at $24,658,000 after buying an additional 2,306,088 shares during the period.

LexinFintech Stock Down 1.1%

LX stock opened at $2.66 on Monday. The business’s 50 day moving average price is $2.97 and its two-hundred day moving average price is $4.09. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market capitalization of $447.57 million, a price-to-earnings ratio of 1.87 and a beta of 0.67. LexinFintech Holdings Ltd. Sponsored ADR has a fifty-two week low of $2.62 and a fifty-two week high of $11.64.

Analyst Ratings Changes

A number of brokerages have issued reports on LX. UBS Group lowered shares of LexinFintech from a “buy” rating to a “neutral” rating and cut their price target for the stock from $13.60 to $3.50 in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of LexinFintech in a report on Monday, December 29th. Finally, Wall Street Zen cut LexinFintech from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Two equities 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 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.