Brilliance Asset Management Ltd. Purchases 701,943 Shares of LexinFintech Holdings Ltd. Sponsored ADR $LX

Brilliance Asset Management Ltd. boosted its position in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 24.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,601,592 shares of the company’s stock after buying an additional 701,943 shares during the period. LexinFintech makes up 4.6% of Brilliance Asset Management Ltd.’s holdings, making the stock its 5th biggest holding. Brilliance Asset Management Ltd. owned about 2.14% of LexinFintech worth $11,777,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in LexinFintech by 350.5% in the second quarter. Tower Research Capital LLC TRC now owns 9,969 shares of the company’s stock valued at $72,000 after buying an additional 7,756 shares during the period. Hudson Bay Capital Management LP acquired a new position in LexinFintech in the third quarter valued at $60,000. Quantbot Technologies LP acquired a new position in LexinFintech in the second quarter valued at $107,000. Prelude Capital Management LLC acquired a new position in LexinFintech in the third quarter valued at $80,000. Finally, Tidal Investments LLC acquired a new position in LexinFintech in the second quarter valued at $115,000.

Analysts Set New Price Targets

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

LexinFintech Price Performance

Shares of NASDAQ LX opened at $2.16 on Friday. The firm’s 50-day moving average price is $2.16 and its 200-day moving average price is $2.68. LexinFintech Holdings Ltd. Sponsored ADR has a 1-year low of $1.79 and a 1-year high of $7.99. The firm has a market capitalization of $361.80 million, a P/E ratio of 1.88 and a beta of 0.84. The company has a current ratio of 2.03, a quick ratio of 2.02 and a debt-to-equity ratio of 0.15.

LexinFintech (NASDAQ:LX) last announced its quarterly earnings data on Monday, May 25th. The company reported $0.10 earnings per share for the quarter. LexinFintech had a net margin of 10.78% and a return on equity of 12.12%. The firm had revenue of $479.95 million for the quarter.

LexinFintech Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, April 24th were issued a dividend of $0.188 per share. The ex-dividend date was Friday, April 24th. This represents a dividend yield of 1,757.0%. LexinFintech’s dividend payout ratio is currently 26.09%.

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.