E Fund Management Co. Ltd. bought a new stake in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 76,800 shares of the company's stock, valued at approximately $445,000.
A number of other institutional investors have also modified their holdings of LX. Raymond James Financial Inc. acquired a new stake in LexinFintech during the fourth quarter worth about $157,000. QRG Capital Management Inc. raised its stake in LexinFintech by 24.1% during the fourth quarter. QRG Capital Management Inc. now owns 45,124 shares of the company's stock worth $262,000 after acquiring an additional 8,752 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in LexinFintech during the fourth quarter worth about $363,000. Sanctuary Advisors LLC acquired a new stake in LexinFintech during the fourth quarter worth about $1,332,000. Finally, D Orazio & Associates Inc. acquired a new stake in LexinFintech during the fourth quarter worth about $190,000.
LexinFintech Stock Performance
NASDAQ LX traded down $0.50 on Monday, hitting $8.57. The stock had a trading volume of 2,103,820 shares, compared to its average volume of 3,259,209. LexinFintech Holdings Ltd. has a one year low of $1.56 and a one year high of $9.82. 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 stock has a market cap of $1.41 billion, a price-to-earnings ratio of 13.65 and a beta of 0.60. The company's 50-day moving average is $7.52 and its two-hundred day moving average is $4.89.
Analysts Set New Price Targets
Separately, Citigroup upgraded shares of LexinFintech from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 26th.
Get Our Latest Report on LexinFintech
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.
Further Reading
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