LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) saw unusually-high trading volume on Friday . Approximately 2,073,328 shares changed hands during mid-day trading, an increase of 20% from the previous session's volume of 1,729,918 shares.The stock last traded at $4.96 and had previously closed at $4.90.
Wall Street Analyst Weigh In
Separately, Citigroup upgraded LexinFintech from a "neutral" rating to a "buy" rating in a research note on Tuesday.
View Our Latest Stock Analysis on LX
LexinFintech Price Performance
The company's 50-day moving average is $3.27 and its 200-day moving average is $2.27. The firm has a market capitalization of $832.14 million, a price-to-earnings ratio of 8.05 and a beta of 0.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.77.
LexinFintech (NASDAQ:LX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.19 earnings per share for the quarter. The company had revenue of $500.98 million for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.
Institutional Investors Weigh In On LexinFintech
Several institutional investors and hedge funds have recently added to or reduced their stakes in LX. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of LexinFintech by 25.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company's stock worth $3,013,000 after acquiring an additional 226,479 shares in the last quarter. Virtu Financial LLC purchased a new position in LexinFintech in the first quarter valued at about $149,000. American Century Companies Inc. lifted its stake in shares of LexinFintech by 33.2% during the second quarter. American Century Companies Inc. now owns 303,931 shares of the company's stock worth $501,000 after purchasing an additional 75,759 shares in the last quarter. Kathmere Capital Management LLC purchased a new stake in shares of LexinFintech in the second quarter worth about $36,000. Finally, Renaissance Technologies LLC grew its stake in shares of LexinFintech by 5.8% in the second quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company's stock valued at $1,686,000 after buying an additional 55,700 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.
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