Discovery Value Fund Has $10.31 Million Stake in LexinFintech Holdings Ltd – (LX)

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Discovery Value Fund trimmed its position in LexinFintech Holdings Ltd – (NASDAQ:LX) by 16.2% during the first quarter, HoldingsChannel reports. The firm owned 981,904 shares of the company’s stock after selling 189,648 shares during the quarter. LexinFintech accounts for approximately 1.2% of Discovery Value Fund’s investment portfolio, making the stock its 8th biggest holding. Discovery Value Fund’s holdings in LexinFintech were worth $10,310,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of LX. Bank of Montreal Can raised its holdings in LexinFintech by 10.2% during the fourth quarter. Bank of Montreal Can now owns 20,770 shares of the company’s stock worth $151,000 after acquiring an additional 1,920 shares in the last quarter. Raymond James & Associates raised its holdings in LexinFintech by 20.1% during the fourth quarter. Raymond James & Associates now owns 47,584 shares of the company’s stock worth $345,000 after acquiring an additional 7,970 shares in the last quarter. Barclays PLC raised its holdings in LexinFintech by 106.7% during the fourth quarter. Barclays PLC now owns 18,200 shares of the company’s stock worth $132,000 after acquiring an additional 9,393 shares in the last quarter. Segantii Capital Management Ltd bought a new stake in LexinFintech during the first quarter worth about $144,000. Finally, Marshall Wace North America L.P. bought a new stake in LexinFintech during the third quarter worth about $149,000. Institutional investors own 9.29% of the company’s stock.

NASDAQ:LX traded down $0.09 on Wednesday, hitting $13.00. The company’s stock had a trading volume of 12,315 shares, compared to its average volume of 1,552,837. The company has a quick ratio of 1.28, a current ratio of 1.29 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 8.14 and a beta of 2.33. LexinFintech Holdings Ltd – has a one year low of $6.48 and a one year high of $18.34.

LexinFintech (NASDAQ:LX) last released its quarterly earnings data on Thursday, March 14th. The company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $3.79. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.11 billion. LexinFintech had a return on equity of 58.62% and a net margin of 22.39%. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. Equities research analysts expect that LexinFintech Holdings Ltd – will post 1.64 EPS for the current year.

Several analysts recently issued reports on LX shares. Zacks Investment Research upgraded LexinFintech from a “strong sell” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Saturday, February 2nd. ValuEngine upgraded LexinFintech from a “sell” rating to a “hold” rating in a report on Friday, April 5th. BNP Paribas upgraded LexinFintech from a “hold” rating to a “buy” rating and set a $12.60 target price on the stock in a report on Friday, May 10th. Finally, China Renaissance Securities reiterated a “buy” rating and set a $18.00 target price on shares of LexinFintech in a report on Tuesday. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $14.90.

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LexinFintech Profile

LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People's Republic of China. The company operates Fenqile.com, a retail and online consumer finance platform that offers installment purchase loans, personal installment loans, and other loan products, as well as provides online direct sales with installment payment terms.

Read More: Hedge Funds Explained

Want to see what other hedge funds are holding LX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LexinFintech Holdings Ltd – (NASDAQ:LX).

Institutional Ownership by Quarter for LexinFintech (NASDAQ:LX)

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