XTX Topco Ltd Sells 40,396 Shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX)

Key Points

• XTX Topco Ltd has reduced its holdings in LexinFintech Holdings Ltd. by 39.5%, now owning 61,830 shares valued at approximately $624,000.
• Institutional interest in LexinFintech is increasing, with several firms making notable purchases, including Ameriprise Financial and Tower Research Capital, during the fourth quarter.
• LexinFintech's stock saw a 4.9% increase, and the company reported earnings of $0.33 per share alongside revenue of $427.76 million for the latest quarter.

XTX Topco Ltd reduced its position in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Free Report) by 39.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,830 shares of the company's stock after selling 40,396 shares during the quarter. XTX Topco Ltd's holdings in LexinFintech were worth $624,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. bought a new position in LexinFintech during the fourth quarter valued at about $61,000. Tower Research Capital LLC TRC increased its holdings in shares of LexinFintech by 146.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock valued at $71,000 after acquiring an additional 7,227 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of LexinFintech in the 4th quarter valued at approximately $157,000. Ritholtz Wealth Management bought a new position in shares of LexinFintech in the 1st quarter valued at approximately $164,000. Finally, NewEdge Advisors LLC acquired a new stake in LexinFintech in the 4th quarter worth approximately $166,000.

LexinFintech Stock Performance

LexinFintech stock traded down $0.02 on Friday, reaching $6.41. 2,567,870 shares of the stock were exchanged, compared to its average volume of 4,923,390. The stock has a market cap of $1.08 billion, a PE ratio of 5.05 and a beta of 0.47. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.12. LexinFintech Holdings Ltd. Sponsored ADR has a twelve month low of $1.62 and a twelve month high of $11.64. The firm has a fifty day moving average price of $6.99 and a two-hundred day moving average price of $7.94.

LexinFintech (NASDAQ:LX - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.20. LexinFintech had a net margin of 11.50% and a return on equity of 14.96%. The firm had revenue of $500.62 million during the quarter, compared to analyst estimates of $500.62 million.

LexinFintech declared that its board has initiated a stock repurchase program on Monday, July 21st that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of LexinFintech from a "buy" rating to a "hold" rating in a research report on Saturday.

LexinFintech Company 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.