710,000 Shares in LexinFintech Holdings Ltd – (NASDAQ:LX) Bought by Tree Line Advisors Hong Kong Ltd.

Tree Line Advisors Hong Kong Ltd. purchased a new position in shares of LexinFintech Holdings Ltd – (NASDAQ:LX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 710,000 shares of the company’s stock, valued at approximately $7,924,000. LexinFintech accounts for approximately 3.9% of Tree Line Advisors Hong Kong Ltd.’s investment portfolio, making the stock its 7th largest position. Tree Line Advisors Hong Kong Ltd. owned 0.43% of LexinFintech as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. TT International acquired a new position in LexinFintech in the 1st quarter worth $67,505,000. FMR LLC lifted its holdings in LexinFintech by 0.6% in the 1st quarter. FMR LLC now owns 3,805,887 shares of the company’s stock worth $39,961,000 after buying an additional 23,831 shares in the last quarter. Krane Funds Advisors LLC lifted its holdings in LexinFintech by 5.8% in the 1st quarter. Krane Funds Advisors LLC now owns 1,009,427 shares of the company’s stock worth $10,599,000 after buying an additional 55,355 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in LexinFintech in the 1st quarter worth $6,577,000. Finally, Marshall Wace LLP acquired a new position in LexinFintech in the 1st quarter worth $6,044,000. 16.04% of the stock is owned by hedge funds and other institutional investors.

Shares of LexinFintech stock traded up $0.49 during trading on Friday, reaching $10.67. The company had a trading volume of 588,500 shares, compared to its average volume of 549,797. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 6.67 and a beta of 1.99. The firm’s fifty day moving average is $11.06 and its 200-day moving average is $11.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.44 and a current ratio of 1.45. LexinFintech Holdings Ltd – has a fifty-two week low of $6.48 and a fifty-two week high of $14.66.

LexinFintech (NASDAQ:LX) last issued its earnings results on Friday, May 17th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.19. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.90 billion. LexinFintech had a net margin of 27.22% and a return on equity of 59.67%. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 EPS. On average, research analysts anticipate that LexinFintech Holdings Ltd – will post 1.83 EPS for the current fiscal year.

A number of equities analysts have commented on the stock. ValuEngine lowered shares of LexinFintech from a “hold” rating to a “sell” rating in a report on Monday, August 12th. China Renaissance Securities restated a “buy” rating and issued a $18.00 target price on shares of LexinFintech in a research note on Tuesday, May 14th. BNP Paribas upgraded shares of LexinFintech from a “hold” rating to a “buy” rating and set a $12.60 target price on the stock in a research note on Friday, May 10th. Finally, Zacks Investment Research upgraded shares of LexinFintech from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.15.

LexinFintech Profile

LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People's Republic of China. The company operates Fenqile.com, a retail and online consumer finance platform that offers installment purchase loans, personal installment loans, and other loan products, as well as provides online direct sales with installment payment terms.

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Institutional Ownership by Quarter for LexinFintech (NASDAQ:LX)

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