ANTIPODES PARTNERS Ltd Cuts Stake in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX)

ANTIPODES PARTNERS Ltd lessened its holdings in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 7.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,111 shares of the company’s stock after selling 2,658 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in LexinFintech were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LX. Ameriprise Financial Inc. purchased a new stake in shares of LexinFintech in the fourth quarter worth $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in LexinFintech in the 4th quarter valued at approximately $70,000. Tower Research Capital LLC TRC lifted 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 buying an additional 7,227 shares during the period. Raymond James Financial Inc. bought a new position in shares of LexinFintech during the 4th quarter valued at $157,000. Finally, Ritholtz Wealth Management purchased a new position in LexinFintech in the first quarter worth about $164,000.

Analyst Ratings Changes

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

LexinFintech Trading Up 1.4%

Shares of NASDAQ:LX traded up $0.10 during trading hours on Thursday, hitting $7.52. 1,335,406 shares of the company’s stock traded hands, compared to its average volume of 3,383,943. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.85 and a quick ratio of 1.85. The business has a fifty day moving average price of $7.35 and a 200-day moving average price of $7.91. The firm has a market capitalization of $1.27 billion, a P/E ratio of 7.13 and a beta of 0.41. LexinFintech Holdings Ltd. Sponsored ADR has a 1 year low of $1.57 and a 1 year high of $11.64.

LexinFintech (NASDAQ:LX) last announced its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (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 authorized a stock buyback program on Monday, July 21st that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

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.