LexinFintech Holdings Ltd. Sponsored ADR $LX Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 67.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,528,164 shares of the company’s stock after buying an additional 1,423,034 shares during the quarter. JPMorgan Chase & Co. owned about 2.10% of LexinFintech worth $18,805,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of LexinFintech by 320.4% during the third quarter. Bank of America Corp DE now owns 3,861,508 shares of the company’s stock worth $20,582,000 after acquiring an additional 2,942,964 shares during the last quarter. Man Group plc raised its position in LexinFintech by 207.0% in the 2nd quarter. Man Group plc now owns 3,419,971 shares of the company’s stock valued at $24,658,000 after purchasing an additional 2,306,088 shares during the last quarter. UBS Group AG raised its position in LexinFintech by 337.4% in the 3rd quarter. UBS Group AG now owns 2,563,047 shares of the company’s stock valued at $13,661,000 after purchasing an additional 1,977,021 shares during the last quarter. Marshall Wace LLP acquired a new stake in LexinFintech during the 3rd quarter worth $7,373,000. Finally, Jump Financial LLC acquired a new stake in LexinFintech during the 3rd quarter worth $5,990,000.

LexinFintech Stock Down 3.0%

LX opened at $2.26 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.89 and a quick ratio of 1.89. The business has a 50 day simple moving average of $2.80 and a 200-day simple moving average of $3.76. The stock has a market capitalization of $380.27 million, a P/E ratio of 1.73 and a beta of 0.67. LexinFintech Holdings Ltd. Sponsored ADR has a 12 month low of $2.25 and a 12 month high of $11.64.

LexinFintech (NASDAQ:LX) last announced its quarterly earnings data on Thursday, March 19th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $434.95 million for the quarter. LexinFintech had a return on equity of 14.36% and a net margin of 12.72%.

LexinFintech Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Friday, April 24th will be given a dividend of $0.188 per share. This represents a dividend yield of 1,589.0%. The ex-dividend date is Friday, April 24th. LexinFintech’s payout ratio is presently 23.66%.

Wall Street Analyst Weigh In

LX has been the topic of a number of recent research reports. UBS Group lowered shares of LexinFintech from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $13.60 to $3.50 in a research note on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of LexinFintech in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.