Oasis Management Co Ltd. Buys New Holdings in LexinFintech Holdings Ltd. Sponsored ADR $LX

Oasis Management Co Ltd. purchased a new position in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,111,500 shares of the company’s stock, valued at approximately $5,924,000. LexinFintech comprises 0.6% of Oasis Management Co Ltd.’s holdings, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of LexinFintech by 38.6% in the second quarter. JPMorgan Chase & Co. now owns 2,105,130 shares of the company’s stock valued at $15,178,000 after buying an additional 585,739 shares during the last quarter. Nomura Holdings Inc. boosted its stake in shares of LexinFintech by 107.6% during the 2nd quarter. Nomura Holdings Inc. now owns 1,057,883 shares of the company’s stock worth $7,627,000 after acquiring an additional 548,371 shares during the period. HCEP Management Ltd increased its holdings in shares of LexinFintech by 81.7% during the 3rd quarter. HCEP Management Ltd now owns 1,711,539 shares of the company’s stock worth $9,123,000 after acquiring an additional 769,522 shares during the last quarter. Brilliance Asset Management Ltd. bought a new stake in LexinFintech in the 2nd quarter valued at $4,709,000. Finally, XTX Topco Ltd raised its stake in LexinFintech by 137.5% in the 2nd quarter. XTX Topco Ltd now owns 146,818 shares of the company’s stock valued at $1,059,000 after acquiring an additional 84,988 shares during the period.

LexinFintech Price Performance

LexinFintech stock opened at $2.60 on Friday. The company has a market capitalization of $437.48 million, a price-to-earnings ratio of 1.83 and a beta of 0.67. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.08. LexinFintech Holdings Ltd. Sponsored ADR has a 12 month low of $2.57 and a 12 month high of $11.64. The stock’s 50 day moving average is $2.91 and its 200-day moving average is $3.99.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded LexinFintech from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. UBS Group downgraded shares of LexinFintech from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $13.60 to $3.50 in a report on Thursday, December 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LexinFintech in a research note on Monday, December 29th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.50.

LexinFintech Company 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.