LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $7.75 and last traded at $7.66, with a volume of 1178783 shares changing hands. The stock had previously closed at $7.63.
Analysts Set New Price Targets
Separately, Citigroup upgraded shares of LexinFintech from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th.
View Our Latest Research Report on LexinFintech
LexinFintech Stock Down 1.4 %
The company has a market capitalization of $1.23 billion, a P/E ratio of 11.94 and a beta of 0.63. 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 stock's fifty day moving average is $5.60 and its 200 day moving average is $3.48.
LexinFintech (NASDAQ:LX - Get Free Report) last released its quarterly earnings results on Monday, November 25th. The company reported $0.26 EPS for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Trading LLC bought a new position in shares of LexinFintech during the third quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of LexinFintech in the 4th quarter worth approximately $29,000. Kathmere Capital Management LLC bought a new position in LexinFintech during the 2nd quarter valued at approximately $36,000. Centiva Capital LP purchased a new position in LexinFintech during the third quarter valued at $41,000. Finally, Virtu Financial LLC bought a new stake in LexinFintech in the third quarter worth $74,000.
LexinFintech Company Profile
(
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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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