5 Cheap Chinese Penny Stocks to Buy According to Hedge Funds

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In this article, we will take a look at the 5 cheap Chinese penny stocks to buy according to hedge funds. To see more such companies, go directly to 11 Cheap Chinese Penny Stocks to Buy According to Hedge Funds.

5. LexinFintech Holdings Ltd. (NASDAQ:LX)

Number of Hedge Fund Holders: 9

Online consumer finance company LexinFintech Holdings Ltd. (NASDAQ:LX) ranks 5th in our list of the best cheap Chinese penny stocks to buy now. LexinFintech Holdings Ltd. (NASDAQ:LX) has a PE ratio of 2.20 as of October 9. LexinFintech Holdings Ltd. (NASDAQ:LX) jumped to new highs in August after the company posted record revenue growth. Profit margins jumped to 11.6% from 6.9% in the second quarter of 2022.

Insider Monkey’s database of 910 hedge funds shows that 9 hedge funds had stakes in LexinFintech Holdings Ltd. (NASDAQ:LX) as of the end of the second quarter. The most significant stakeholder of LexinFintech Holdings Ltd. (NASDAQ:LX) was D E Shaw which owns a $1.9 million stake in the company.

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