Sanctuary Advisors LLC bought a new stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 229,606 shares of the company's stock, valued at approximately $1,332,000. Sanctuary Advisors LLC owned 0.14% of LexinFintech at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LX. Connor Clark & Lunn Investment Management Ltd. increased its stake in LexinFintech by 25.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company's stock worth $3,013,000 after acquiring an additional 226,479 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in LexinFintech in the 3rd quarter worth approximately $467,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in LexinFintech in the 4th quarter worth approximately $445,000. Walleye Capital LLC increased its stake in LexinFintech by 235.5% in the 3rd quarter. Walleye Capital LLC now owns 726,588 shares of the company's stock worth $1,976,000 after acquiring an additional 510,014 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in LexinFintech in the 3rd quarter worth approximately $397,000.
Analyst Upgrades and Downgrades
Separately, Citigroup raised LexinFintech from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 26th.
Read Our Latest Analysis on LexinFintech
LexinFintech Price Performance
NASDAQ:LX traded down $0.32 during trading hours on Friday, reaching $8.59. The stock had a trading volume of 3,447,171 shares, compared to its average volume of 3,294,122. The stock has a market capitalization of $1.41 billion, a PE ratio of 13.64 and a beta of 0.66. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The company has a 50 day moving average price of $7.23 and a two-hundred day moving average price of $4.59. LexinFintech Holdings Ltd. has a 52 week low of $1.56 and a 52 week high of $9.61.
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 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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