CloudAlpha Capital Management Limited Hong Kong Takes Position in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX)

Key Points

• CloudAlpha Capital Management Limited acquired a new stake in LexinFintech Holdings Ltd., purchasing 298,876 shares valued at about $3,016,000, representing approximately 0.18% ownership.
• Several other institutional investors also increased their positions in LexinFintech, including Ameriprise Financial and Raymond James Financial, indicating growing interest in the company.
• LexinFintech has seen significant stock performance, with a market capitalization of $1.22 billion, a P/E ratio of 6.83, and an impressive return on equity of 12.52% reported in its latest quarterly earnings.

CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 298,876 shares of the company's stock, valued at approximately $3,016,000. CloudAlpha Capital Management Limited Hong Kong owned about 0.18% of LexinFintech at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in LX. Ameriprise Financial Inc. acquired a new stake in LexinFintech in the 4th quarter worth approximately $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in LexinFintech in the 4th quarter worth approximately $70,000. Tower Research Capital LLC TRC lifted its holdings in LexinFintech by 146.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock worth $71,000 after purchasing an additional 7,227 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in LexinFintech in the 4th quarter worth approximately $157,000. Finally, Ritholtz Wealth Management acquired a new stake in LexinFintech in the 1st quarter worth approximately $164,000.

LexinFintech Stock Performance

Shares of NASDAQ LX opened at $7.24 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.12. The business's 50 day moving average is $7.33 and its two-hundred day moving average is $7.92. The company has a market cap of $1.22 billion, a P/E ratio of 6.83 and a beta of 0.41. LexinFintech Holdings Ltd. Sponsored ADR has a 12 month low of $1.57 and a 12 month high of $11.64.

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

LexinFintech declared that its Board of Directors has approved a stock buyback program on Monday, July 21st that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

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.

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