UBS Group AG Has $3.59 Million Stake in LexinFintech Holdings Ltd. Sponsored ADR $LX

UBS Group AG trimmed its stake in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 57.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,099,024 shares of the company’s stock after selling 1,464,023 shares during the period. UBS Group AG’s holdings in LexinFintech were worth $3,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of LX. Goldman Sachs Group Inc. grew its position in LexinFintech by 201.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,482,060 shares of the company’s stock worth $14,954,000 after purchasing an additional 991,075 shares during the last quarter. Quantbot Technologies LP acquired a new stake in LexinFintech in the 2nd quarter worth $107,000. Alliancebernstein L.P. grew 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 worth $27,873,000 after purchasing an additional 150,511 shares during the last quarter. Canada Pension Plan Investment Board grew its position in LexinFintech by 41.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 531,900 shares of the company’s stock worth $3,835,000 after purchasing an additional 155,400 shares during the last quarter. Finally, Seldon Capital LP grew its position in LexinFintech by 61.9% in the 2nd quarter. Seldon Capital LP now owns 657,686 shares of the company’s stock worth $4,742,000 after purchasing an additional 251,537 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of LexinFintech in a research report on Friday, March 27th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, LexinFintech has a consensus rating of “Hold” and an average target price of $3.50.

LexinFintech Price Performance

NASDAQ:LX opened at $1.96 on Friday. The company has a 50-day moving average of $2.22 and a 200-day moving average of $2.87. The company has a market capitalization of $328.30 million, a price-to-earnings ratio of 1.50 and a beta of 0.83. LexinFintech Holdings Ltd. Sponsored ADR has a 52 week low of $1.79 and a 52 week high of $7.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.89 and a current ratio of 1.89.

LexinFintech (NASDAQ:LX) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.10 EPS for the quarter. The company had revenue of $434.95 million during the quarter. LexinFintech had a net margin of 12.72% and a return on equity of 14.36%.

LexinFintech Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Friday, April 24th will be issued a dividend of $0.188 per share. This represents a dividend yield of 1,757.0%. The ex-dividend date of this dividend is Friday, April 24th. LexinFintech’s dividend payout ratio (DPR) is presently 22.90%.

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.