Shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) saw strong trading volume on Tuesday . 653,594 shares changed hands during trading, a decline of 60% from the previous session's volume of 1,628,810 shares.The stock last traded at $6.33 and had previously closed at $5.90.
Analysts Set New Price Targets
Separately, Citigroup raised shares of LexinFintech from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th.
View Our Latest Analysis on LexinFintech
LexinFintech Trading Up 6.1 %
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 $1.03 billion, a PE ratio of 9.94 and a beta of 0.63. The stock has a 50-day moving average of $5.02 and a 200 day moving average of $3.16.
Hedge Funds Weigh In On LexinFintech
Several institutional investors and hedge funds have recently modified their holdings of LX. Thurston Springer Miller Herd & Titak Inc. purchased a new position in LexinFintech in the 4th quarter valued at about $29,000. Wolverine Trading LLC acquired a new stake in shares of LexinFintech in the third quarter worth approximately $29,000. Kathmere Capital Management LLC purchased a new stake in shares of LexinFintech during the fourth quarter worth approximately $79,000. Centiva Capital LP acquired a new position in LexinFintech in the 3rd quarter valued at $41,000. Finally, GSA Capital Partners LLP lifted its holdings in LexinFintech by 3.9% in the 3rd quarter. GSA Capital Partners LLP now owns 435,219 shares of the company's stock valued at $1,184,000 after purchasing an additional 16,312 shares in the last quarter.
About LexinFintech
(
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.
Further Reading
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