CloudAlpha Capital Management Limited Hong Kong Purchases New Stake 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 position 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 & 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 approximately 0.18% of LexinFintech as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. acquired a new position in shares of LexinFintech in the 4th quarter valued at $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of LexinFintech in the 4th quarter valued at $70,000. Tower Research Capital LLC TRC lifted its stake in shares of LexinFintech by 146.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock valued at $71,000 after purchasing an additional 7,227 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of LexinFintech in the 1st quarter valued at $164,000. Finally, Aviance Capital Partners LLC acquired a new position in shares of LexinFintech in the 1st quarter valued at $172,000.

Wall Street Analyst Weigh In

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

LexinFintech Stock Down 0.7%

Shares of LX traded down $0.05 during mid-day trading on Tuesday, reaching $6.31. The company's stock had a trading volume of 1,740,663 shares, compared to its average volume of 3,474,992. The company's 50 day moving average is $7.24 and its 200 day moving average is $7.96. The stock has a market cap of $1.06 billion, a PE ratio of 5.95 and a beta of 0.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.85 and a quick ratio of 1.85. 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 released its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 EPS for the quarter. LexinFintech had a net margin of 9.44% and a return on equity of 12.52%. The firm had revenue of $427.76 million during the quarter.

LexinFintech declared that its Board of Directors has authorized a stock repurchase plan on Monday, July 21st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

About LexinFintech

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.