Connor Clark & Lunn Investment Management Ltd. increased its position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 35.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,500,533 shares of the company's stock after buying an additional 392,870 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.91% of LexinFintech worth $8,703,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in LexinFintech in the fourth quarter valued at approximately $29,000. Wolverine Trading LLC bought a new position in LexinFintech in the third quarter valued at approximately $29,000. Centiva Capital LP bought a new position in LexinFintech in the third quarter valued at approximately $41,000. Virtu Financial LLC bought a new position in LexinFintech in the third quarter valued at approximately $74,000. Finally, Kathmere Capital Management LLC acquired a new stake in shares of LexinFintech in the fourth quarter valued at approximately $79,000.
Analysts Set New Price Targets
Separately, Citigroup raised LexinFintech from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th.
Read Our Latest Stock Analysis on LX
LexinFintech Stock Performance
Shares of LX traded up $0.18 during mid-day trading on Wednesday, reaching $10.77. The company's stock had a trading volume of 11,385,466 shares, compared to its average volume of 2,447,333. LexinFintech Holdings Ltd. has a 1-year low of $1.56 and a 1-year high of $11.46. The stock has a market cap of $1.77 billion, a P/E ratio of 17.10 and a beta of 0.60. The business has a 50-day simple moving average of $8.06 and a two-hundred day simple moving average of $5.28. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10.
LexinFintech (NASDAQ:LX - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported $0.28 earnings per share (EPS) for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%. The company had revenue of $501.26 million during the quarter.
LexinFintech Company 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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