LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $10.45 and last traded at $10.32, with a volume of 2178995 shares trading hands. The stock had previously closed at $9.07.
Wall Street Analysts Forecast Growth
Separately, Citigroup upgraded LexinFintech from a "neutral" rating to a "buy" rating in a report on Tuesday, November 26th.
Check Out Our Latest Stock Analysis on LX
LexinFintech Trading Up 0.6 %
The firm has a market capitalization of $1.74 billion, a PE ratio of 16.81 and a beta of 0.60. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average price of $7.96 and a two-hundred day moving average price of $5.22.
LexinFintech (NASDAQ:LX - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.
Hedge Funds Weigh In On LexinFintech
A number of hedge funds and other institutional investors have recently bought and sold shares of LX. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in LexinFintech by 25.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company's stock valued at $3,013,000 after acquiring an additional 226,479 shares during the period. Walleye Capital LLC raised its position in LexinFintech by 235.5% in the 3rd quarter. Walleye Capital LLC now owns 726,588 shares of the company's stock valued at $1,976,000 after purchasing an additional 510,014 shares in the last quarter. Centiva Capital LP acquired a new stake in LexinFintech in the 3rd quarter valued at about $41,000. Quadrature Capital Ltd acquired a new stake in LexinFintech in the 3rd quarter valued at about $397,000. Finally, Wolverine Trading LLC acquired a new stake in LexinFintech in the 3rd quarter valued at about $29,000.
LexinFintech Company Profile
(
Get 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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