Oasis Management Co Ltd. lifted its stake in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX – Free Report) by 56.9% during the fourth quarter, Holdings Channel reports. The firm owned 1,744,075 shares of the company’s stock after buying an additional 632,575 shares during the period. LexinFintech comprises about 0.4% of Oasis Management Co Ltd.’s holdings, making the stock its 24th largest position. Oasis Management Co Ltd.’s holdings in LexinFintech were worth $5,703,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in LexinFintech by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,642,573 shares of the company’s stock valued at $24,745,000 after acquiring an additional 94,490 shares during the period. Man Group plc increased its position in LexinFintech by 28.2% in the 3rd quarter. Man Group plc now owns 4,384,533 shares of the company’s stock valued at $23,370,000 after acquiring an additional 964,562 shares during the period. Alliancebernstein L.P. increased its position in LexinFintech by 4.1% in the 2nd quarter. Alliancebernstein L.P. now owns 3,865,830 shares of the company’s stock valued at $27,873,000 after acquiring an additional 150,511 shares during the period. Bank of America Corp DE increased its position in LexinFintech by 320.4% in the 3rd quarter. Bank of America Corp DE now owns 3,861,508 shares of the company’s stock valued at $20,582,000 after acquiring an additional 2,942,964 shares during the period. Finally, Brilliance Asset Management Ltd. increased its position in LexinFintech by 24.2% in the 4th quarter. Brilliance Asset Management Ltd. now owns 3,601,592 shares of the company’s stock valued at $11,777,000 after acquiring an additional 701,943 shares during the period.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings cut LexinFintech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.50.
LexinFintech Stock Down 1.9%
LX opened at $2.12 on Friday. LexinFintech Holdings Ltd. Sponsored ADR has a 12 month low of $1.79 and a 12 month high of $7.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.03 and a quick ratio of 2.02. The stock has a market cap of $355.10 million, a P/E ratio of 1.84 and a beta of 0.84. The stock’s 50 day moving average price is $2.16 and its 200 day moving average price is $2.67.
LexinFintech (NASDAQ:LX – Get Free Report) last issued its quarterly earnings results on Monday, May 25th. The company reported $0.10 earnings per share (EPS) for the quarter. LexinFintech had a return on equity of 12.12% and a net margin of 10.78%.The company had revenue of $479.95 million for the quarter.
LexinFintech Announces Dividend
The company also recently declared a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, April 24th were given a dividend of $0.188 per share. The ex-dividend date was Friday, April 24th. This represents a dividend yield of 1,757.0%. LexinFintech’s dividend payout ratio (DPR) is 26.09%.
LexinFintech Profile
LexinFintech Holdings Ltd. (NASDAQ: LX) is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company’s core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.
In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.
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