Allianz Asset Management GmbH Makes New $4.46 Million Investment in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX)

Allianz Asset Management GmbH bought a new position in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 441,515 shares of the company's stock, valued at approximately $4,455,000. Allianz Asset Management GmbH owned approximately 0.26% of LexinFintech as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LX. Bank of America Corp DE lifted its position in LexinFintech by 115.9% during the fourth quarter. Bank of America Corp DE now owns 1,134,716 shares of the company's stock valued at $6,581,000 after purchasing an additional 609,233 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in LexinFintech by 188,730.8% in the 4th quarter. BNP Paribas Financial Markets now owns 122,740 shares of the company's stock worth $712,000 after purchasing an additional 122,675 shares in the last quarter. Man Group plc bought a new position in LexinFintech during the 4th quarter valued at about $549,000. Ritholtz Wealth Management bought a new position in shares of LexinFintech in the 1st quarter worth approximately $164,000. Finally, Squarepoint Ops LLC bought a new position in shares of LexinFintech in the 4th quarter worth approximately $230,000.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of LexinFintech from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th.

LexinFintech Stock Performance

NASDAQ LX traded up $0.05 during trading hours on Tuesday, reaching $6.40. The stock had a trading volume of 3,463,163 shares, compared to its average volume of 4,320,577. The stock has a fifty day moving average of $7.24 and a 200 day moving average of $7.96. The stock has a market cap of $1.08 billion, a P/E ratio of 6.04 and a beta of 0.41. LexinFintech Holdings Ltd. Sponsored ADR has a 52-week low of $1.57 and a 52-week high of $11.64. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.85 and a current ratio of 1.85.

LexinFintech (NASDAQ:LX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter. LexinFintech had a return on equity of 12.52% and a net margin of 9.44%. The company had revenue of $427.76 million during the quarter.

LexinFintech declared that its board has authorized a stock repurchase plan on Monday, July 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

LexinFintech Profile

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.