Nomura Boosts LexinFintech Holdings Ltd. (LX) Stake by 437.7%

LexinFintech Holdings Ltd. (NASDAQ:LX) is among the best stocks with the highest upside potential. According to the recent disclosure with the Securities and Exchange Commission, Nomura Holdings Inc. has increased its position in LexinFintech Holdings Ltd. (NASDAQ:LX) by a whopping 437.7% during the first quarter. Following the addition of 414,749 shares, the firm now owns 509,512 shares of the company’s stock, valued at $5,141,000.

With the rise in BNPL services, the outlook looks overwhelmingly positive for LexinFintech Holdings Ltd. (NASDAQ:LX). The economic appeal of BNPL, particularly in lower-income younger generations, is increasingly replacing traditional credit card transactions. Even if we consider the one-year return, the company has outperformed the market by an impressive 249.82%.

Additionally, LexinFintech Holdings Ltd. (NASDAQ:LX) has formed key relationships with merchants, lending partners, and registered clients. This, along with its focus on the underbanked user, positions the company well in the market.

LexinFintech Holdings Ltd. (NASDAQ:LX), founded in 2013, is a Chinese company that provides online direct sales and online consumer finance services. The core offerings of the company include Fenqile, Lehua Card, Maiya, and Juzi Licai.

While we acknowledge the potential of LX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LX and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.