Principal Financial Group Inc. Purchases 9,645 Shares of LexinFintech Holdings Ltd. (NASDAQ:LX)

Principal Financial Group Inc. grew its position in LexinFintech Holdings Ltd. (NASDAQ:LXFree Report) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 174,121 shares of the company’s stock after purchasing an additional 9,645 shares during the quarter. Principal Financial Group Inc.’s holdings in LexinFintech were worth $385,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Citigroup Inc. raised its holdings in LexinFintech by 859.4% during the first quarter. Citigroup Inc. now owns 856,248 shares of the company’s stock worth $2,243,000 after buying an additional 767,004 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of LexinFintech by 175.5% in the second quarter. Acadian Asset Management LLC now owns 745,993 shares of the company’s stock worth $1,701,000 after buying an additional 475,195 shares in the last quarter. Wellington Management Group LLP bought a new stake in LexinFintech during the first quarter valued at $896,000. Vanguard Group Inc. raised its stake in LexinFintech by 7.1% in the third quarter. Vanguard Group Inc. now owns 4,816,702 shares of the company’s stock valued at $8,140,000 after purchasing an additional 318,874 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of LexinFintech by 157.2% during the 1st quarter. Two Sigma Investments LP now owns 497,794 shares of the company’s stock valued at $1,349,000 after buying an additional 304,237 shares in the last quarter. 57.95% of the stock is currently owned by institutional investors and hedge funds.

LexinFintech Stock Performance

Shares of LX stock opened at $1.79 on Tuesday. LexinFintech Holdings Ltd. has a 52 week low of $1.62 and a 52 week high of $3.22. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $1.83 and a 200 day moving average of $2.05. The firm has a market capitalization of $291.28 million, a price-to-earnings ratio of 1.64 and a beta of 0.61.

LexinFintech (NASDAQ:LXGet Free Report) last issued its earnings results on Wednesday, November 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $480.94 million during the quarter. LexinFintech had a net margin of 10.75% and a return on equity of 14.72%.

Analyst Ratings Changes

Separately, Citigroup lowered LexinFintech from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $3.86 to $2.12 in a research note on Friday, November 24th.

Read Our Latest Report on LexinFintech

LexinFintech Profile

(Free Report)

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates, 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.

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Institutional Ownership by Quarter for LexinFintech (NASDAQ:LX)

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