Pictet Asset Management SA Sells 13,800 Shares of LexinFintech Holdings Ltd. (NASDAQ:LX)

Pictet Asset Management SA cut its holdings in shares of LexinFintech Holdings Ltd. (NASDAQ:LXGet Rating) by 27.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,800 shares of the company’s stock after selling 13,800 shares during the quarter. Pictet Asset Management SA’s holdings in LexinFintech were worth $80,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Wealth Asset Management LLC raised its holdings in LexinFintech by 16.9% during the first quarter. Legacy Wealth Asset Management LLC now owns 36,032 shares of the company’s stock valued at $94,000 after acquiring an additional 5,200 shares during the period. DGS Capital Management LLC bought a new stake in LexinFintech during the second quarter valued at about $153,000. Mercer Global Advisors Inc. ADV bought a new stake in LexinFintech during the first quarter valued at about $73,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of LexinFintech by 40.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 223,906 shares of the company’s stock worth $587,000 after purchasing an additional 64,622 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of LexinFintech by 1,462.3% in the first quarter. BNP Paribas Arbitrage SA now owns 99,988 shares of the company’s stock worth $262,000 after purchasing an additional 93,588 shares during the last quarter. 16.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, CLSA raised LexinFintech from a “reduce” rating to an “accumulate” rating in a report on Monday, November 14th.

LexinFintech Trading Up 2.5 %

Shares of LX stock opened at $1.61 on Friday. LexinFintech Holdings Ltd. has a 12-month low of $1.26 and a 12-month high of $4.76. The company has a current ratio of 1.47, a quick ratio of 1.46 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average price is $1.61 and its 200-day moving average price is $1.92. The stock has a market capitalization of $296.03 million, a price-to-earnings ratio of 2.64 and a beta of 0.43.

LexinFintech Company Profile

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LexinFintech Holdings Ltd., through its subsidiaries, offers 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 provides online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.

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Institutional Ownership by Quarter for LexinFintech (NASDAQ:LX)

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