Quadrature Capital Ltd acquired a new stake in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 146,457 shares of the company's stock, valued at approximately $397,000. Quadrature Capital Ltd owned about 0.09% of LexinFintech as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the stock. Centiva Capital LP purchased a new stake in LexinFintech in the 3rd quarter worth approximately $41,000. GSA Capital Partners LLP lifted its stake in LexinFintech by 3.9% in the third quarter. GSA Capital Partners LLP now owns 435,219 shares of the company's stock worth $1,184,000 after acquiring an additional 16,312 shares during the period. Kathmere Capital Management LLC bought a new stake in LexinFintech in the second quarter valued at $36,000. SG Americas Securities LLC purchased a new position in LexinFintech during the 3rd quarter valued at $122,000. Finally, Renaissance Technologies LLC raised its holdings in LexinFintech by 5.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company's stock worth $1,686,000 after purchasing an additional 55,700 shares in the last quarter.
Analysts Set New Price Targets
Separately, Citigroup raised shares of LexinFintech from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 26th.
Get Our Latest Research Report on LX
LexinFintech Stock Performance
Shares of LX stock remained flat at $5.92 during midday trading on Tuesday. The company's stock had a trading volume of 2,322,348 shares, compared to its average volume of 1,849,672. LexinFintech Holdings Ltd. has a 1 year low of $1.56 and a 1 year high of $6.21. The firm has a market cap of $971.65 million, a price-to-earnings ratio of 9.40 and a beta of 0.68. The company has a 50-day simple moving average of $3.69 and a 200 day simple moving average of $2.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66.
LexinFintech Company Profile
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Free Report)
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.
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