WT Asset Management Ltd Takes Position in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX)

WT Asset Management Ltd purchased a new stake in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,030,028 shares of the company's stock, valued at approximately $20,483,000. LexinFintech makes up approximately 2.4% of WT Asset Management Ltd's investment portfolio, making the stock its 17th biggest position. WT Asset Management Ltd owned 1.24% of LexinFintech as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. bought a new position in shares of LexinFintech during the 4th quarter valued at $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in LexinFintech during the fourth quarter valued at $70,000. Tower Research Capital LLC TRC lifted its holdings in LexinFintech by 146.5% in the fourth 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 period. Raymond James Financial Inc. bought a new position in LexinFintech in the fourth quarter valued at about $157,000. Finally, Ritholtz Wealth Management purchased a new position in LexinFintech in the first quarter worth about $164,000.

Wall Street Analyst Weigh In

Several research firms have recently commented on LX. UBS Group set a $13.60 price target on shares of LexinFintech and gave the company a "buy" rating in a research report on Friday, March 21st. Wall Street Zen lowered shares of LexinFintech from a "strong-buy" rating to a "buy" rating in a research report on Friday.

LexinFintech Stock Performance

Shares of NASDAQ:LX traded down $0.16 during midday trading on Tuesday, hitting $7.05. The company had a trading volume of 2,335,054 shares, compared to its average volume of 3,155,794. LexinFintech Holdings Ltd. Sponsored ADR has a 12-month low of $1.57 and a 12-month high of $11.64. The company has a fifty day moving average of $7.75 and a two-hundred day moving average of $7.81. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 6.65 and a beta of 0.43. 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 (NASDAQ:LX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 EPS for the quarter. LexinFintech had a return on equity of 12.52% and a net margin of 9.44%. The business had revenue of $427.76 million during the quarter.

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.