ANTIPODES PARTNERS Ltd bought a new stake in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 34,769 shares of the company's stock, valued at approximately $202,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Walleye Capital LLC raised its holdings in LexinFintech by 235.5% during the third quarter. Walleye Capital LLC now owns 726,588 shares of the company's stock worth $1,976,000 after purchasing an additional 510,014 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in LexinFintech by 35.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,500,533 shares of the company's stock worth $8,703,000 after purchasing an additional 392,870 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in LexinFintech during the fourth quarter worth about $1,332,000. Public Employees Retirement System of Ohio purchased a new position in LexinFintech during the third quarter worth about $467,000. Finally, Quadrature Capital Ltd purchased a new position in LexinFintech during the third quarter worth about $397,000.
LexinFintech Trading Up 16.1 %
Shares of LX stock traded up $1.46 during mid-day trading on Friday, reaching $10.53. The company's stock had a trading volume of 5,862,647 shares, compared to its average volume of 2,382,809. The company's 50 day simple moving average is $7.87 and its 200-day simple moving average is $5.13. LexinFintech Holdings Ltd. has a 12-month low of $1.56 and a 12-month high of $10.54. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.73 billion, a PE ratio of 16.71 and a beta of 0.60.
Wall Street Analyst Weigh In
Separately, Citigroup upgraded shares of LexinFintech from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th.
Check Out Our Latest Stock Analysis on LX
About LexinFintech
(
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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