ANTIPODES PARTNERS Ltd Acquires New Holdings in LexinFintech Holdings Ltd. (NASDAQ:LX)

ANTIPODES PARTNERS Ltd acquired a new stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) during the fourth quarter, HoldingsChannel reports. The firm acquired 34,769 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of LX. Sanctuary Advisors LLC acquired a new position in LexinFintech in the fourth quarter worth approximately $1,332,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of LexinFintech by 25.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company’s stock worth $3,013,000 after acquiring an additional 226,479 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of LexinFintech in the 3rd quarter worth $467,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of LexinFintech during the fourth quarter worth $445,000. Finally, Walleye Capital LLC lifted its holdings in shares of LexinFintech by 235.5% during the third quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock valued at $1,976,000 after purchasing an additional 510,014 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Citigroup raised LexinFintech from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th.

LexinFintech Stock Down 0.6 %

LX stock opened at $9.22 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $1.51 billion, a P/E ratio of 14.64 and a beta of 0.60. LexinFintech Holdings Ltd. has a 52-week low of $1.56 and a 52-week high of $9.82. The company’s 50 day simple moving average is $7.71 and its 200-day simple moving average is $5.02.

About LexinFintech

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.