State Street Corp Has $554,000 Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

State Street Corp decreased its holdings in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,571 shares of the company’s stock after selling 3,167 shares during the period. State Street Corp’s holdings in LexinFintech were worth $554,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Centiva Capital LP purchased a new stake in LexinFintech in the 3rd quarter valued at about $41,000. Kathmere Capital Management LLC purchased a new stake in shares of LexinFintech during the second quarter valued at approximately $36,000. SG Americas Securities LLC bought a new stake in LexinFintech during the third quarter worth $122,000. Quadrature Capital Ltd purchased a new position in LexinFintech in the third quarter worth $397,000. Finally, American Century Companies Inc. grew its stake in LexinFintech by 33.2% in the 2nd quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock valued at $501,000 after purchasing an additional 75,759 shares during the period.

LexinFintech Trading Up 5.7 %

NASDAQ:LX opened at $6.10 on Friday. The firm’s 50 day moving average is $4.72 and its 200 day moving average is $2.97. LexinFintech Holdings Ltd. has a 12 month low of $1.56 and a 12 month high of $6.36. The stock has a market capitalization of $1.00 billion, a PE ratio of 9.68 and a beta of 0.68. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of LexinFintech from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th.

LexinFintech Profile

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.