575,615 Shares in LexinFintech Holdings Ltd – (NASDAQ:LX) Bought by Marshall Wace LLP

Marshall Wace LLP purchased a new position in shares of LexinFintech Holdings Ltd – (NASDAQ:LX) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 575,615 shares of the company’s stock, valued at approximately $6,044,000. Marshall Wace LLP owned about 0.35% of LexinFintech as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LX. Penserra Capital Management LLC lifted its holdings in shares of LexinFintech by 1.7% during the 1st quarter. Penserra Capital Management LLC now owns 193,159 shares of the company’s stock worth $2,027,000 after acquiring an additional 3,157 shares during the last quarter. TT International bought a new stake in shares of LexinFintech during the 1st quarter worth $67,505,000. FMR LLC lifted its holdings in shares of LexinFintech by 254.8% during the 4th quarter. FMR LLC now owns 3,782,056 shares of the company’s stock worth $27,420,000 after acquiring an additional 2,715,988 shares during the last quarter. New Silk Road Investment PTE Ltd. bought a new stake in shares of LexinFintech during the 1st quarter worth $2,898,000. Finally, Segantii Capital Management Ltd bought a new stake in shares of LexinFintech during the 1st quarter worth $144,000. Institutional investors own 15.36% of the company’s stock.

A number of research firms have issued reports on LX. ValuEngine upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. China Renaissance Securities began coverage on shares of 360 Finance in a research report on Tuesday, May 14th. They issued a “buy” rating and a $29.00 price objective on the stock. BNP Paribas upgraded shares of LexinFintech from a “hold” rating to a “buy” rating and set a $12.60 price objective on the stock in a research report on Friday, May 10th. Finally, Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $15.65.

Shares of NASDAQ LX traded down $0.36 during midday trading on Friday, hitting $11.59. 373,557 shares of the company traded hands, compared to its average volume of 869,930. LexinFintech Holdings Ltd – has a 12-month low of $6.48 and a 12-month high of $14.66. The company has a current ratio of 1.45, a quick ratio of 1.44 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $11.53. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 7.24 and a beta of 2.00.

LexinFintech (NASDAQ:LX) last posted its quarterly earnings data on Friday, May 17th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.29 by $0.19. LexinFintech had a net margin of 27.22% and a return on equity of 59.67%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. LexinFintech’s quarterly revenue was up 22.0% on a year-over-year basis. Sell-side analysts predict that LexinFintech Holdings Ltd – will post 1.7 earnings per share for the current year.

LexinFintech Company 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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