Anatole Investment Management Ltd Buys 2,159,246 Shares of LexinFintech Holdings Ltd. Sponsored ADR $LX

Anatole Investment Management Ltd lifted its stake in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 79.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,870,383 shares of the company’s stock after purchasing an additional 2,159,246 shares during the period. LexinFintech accounts for about 2.6% of Anatole Investment Management Ltd’s portfolio, making the stock its 9th largest holding. Anatole Investment Management Ltd owned approximately 2.89% of LexinFintech worth $15,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in LX. Goldman Sachs Group Inc. lifted its holdings in LexinFintech by 201.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,482,060 shares of the company’s stock valued at $14,954,000 after acquiring an additional 991,075 shares during the last quarter. Quantbot Technologies LP acquired a new position in LexinFintech in the second quarter valued at approximately $107,000. Alliancebernstein L.P. lifted its holdings in LexinFintech by 4.1% in the second 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 last quarter. Canada Pension Plan Investment Board lifted its holdings in LexinFintech by 41.3% in the second quarter. Canada Pension Plan Investment Board now owns 531,900 shares of the company’s stock valued at $3,835,000 after acquiring an additional 155,400 shares during the last quarter. Finally, Seldon Capital LP lifted its holdings in LexinFintech by 61.9% in the second quarter. Seldon Capital LP now owns 657,686 shares of the company’s stock valued at $4,742,000 after acquiring an additional 251,537 shares during the last quarter.

LexinFintech Stock Down 1.5%

NASDAQ:LX opened at $2.00 on Thursday. The company has a quick ratio of 2.02, a current ratio of 2.03 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average is $2.15 and its two-hundred day moving average is $2.64. LexinFintech Holdings Ltd. Sponsored ADR has a 52 week low of $1.79 and a 52 week high of $7.99. The stock has a market capitalization of $335 million, a price-to-earnings ratio of 1.74 and a beta of 0.84.

LexinFintech (NASDAQ:LX) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.10 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 $434.95 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut LexinFintech from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.50.

About LexinFintech

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.